I feel you. Not retards mate. IMO mgmt has been doing everything possible to avoid attention over the past 2yrs in a very strong coal bull market. The MO around recent announcements is no different.
This commodity cycle upswing was long-awaited by many long suffering shareholders on the register. IMO it is not possible for a serious mgmt team to string together 5-8 value destructive decisions in a row and tell shareholders various versions of “it’s all just dumb luck”. IMO every aspect of what retail shareholders are being served up by this mgmt team is not by accident.
The litmus test is not whether any of us could do a better job. The litmus test is “what might retail investors expect to see in the actions and efforts of any other earnest mgmt team (in a comparable situation) who are laser beam focused on overcoming any challenge and get the company to maiden production”.
When I reflect on this situation through that lens the gaps begin to appear. IMO it no longer appears to be witless “stumbling and fumbling”.
Very sad face.
CKA Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
