Got into this on the basis of the ore body. Thinking management couldn't screw this up. But they appear to have done just that by failing to study the ore body well enough and undertaking appropriate risk management. Shouldn't have forgiven them after the last capital raising and mine production adjustment, but not this time. Two strikes and I'm out. Haven't lost too much because when the first emergency capital raising was all given to management, I picked up a few more on market. Hats off to rendog9. If I had listened to your repeated beatings about management, I wouldn't have bought this lemon.
So just remember when someone on HC is always bagging on a company, maybe just maybe they have been burnt by the company before and we would all do well to ask why instead of just dismissing them out of hand. I for one will never make that mistake again.
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