Correct. LOI's, MOU's, whatever, are not worth "the paper they are written on" unless they are legally binding; and how can they be binding until the mine is productive and the product can be shipped. So agree Bryan should fall on his sword for the misleading hype of the last 12 months and the glaring stupidity of switching to a very narrowly focussed 20mTPA decision all leading to the recent very poor announcement that tanked our stock. Over the last four months there have been some very well reasoned arguments here on HC that did not support the company line (and Tran's) referencing cost establishment issues. My own experience in engineering costings of projects does not support Bryan's sudden "Heck its going to be 3 times more expensive and we never saw that coming - sorry folks!" take. Have a think on that: it suddenly jumped from extremely viable to not viable. I do not buy sudden sheer incompetence. Announcement after announcement how we have engaged the best of the best for our 20mTPA BFS. Really? We are now to believe these expert guys and gals never saw the prices increasing as they worked on this? Probably explains why the emailed questions on this and the project's management were simply not addressed. LT holders are not helping themselves or this project by blind support for the subjective management hype that is disseminated.
HIO Price at posting:
11.3¢ Sentiment: Sell Disclosure: Held
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