Some of the statements in the past have been misleading, in particular the ones around the raises. But what do you expect him to actually do in that situation? Put out a PR statement saying we've run out of cash, then attempt to raise?
That would destroy even more shareholder value, so thank god he did not do that. They screwed up by overextending and letting the taurus delay screw them but once they were already in that position they did the only thing available to them to benefit shareholders. It's fair to critique the fact they were in the situation and be unhappy about the response to it but I can't think of what else they should have done once they were in the problem.
They have been far more cautious with language vs a year ago when it comes to things like drilling results. It's probably why nothing is being said about those results we're waiting on. They are either dusters as you say, or sitting at the lab delayed (common in canada) and we don't really know yet. But hardly malicious in either scenario, the first is common practice in almost every ASX junior and the 2nd is not their fault. What if the results come back fantastic?
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