The writing has been on the wall since early 2014, when the board decided to "blame" KDR for all their mis-management issues of the company. The reality is that the management has never put the profits back into the mine or SH pockets, but lined their own pockets (over inflated salaries, paying their mates to undertake work,etc) and then asked the market for more money to make the required capital improvements on site. Financing debt with more debt, this is not the way to run a business. Unfortunately for those of you have have been pouring money into this stock because the MD said "everything will be fine", you will lose. By ringing the MD, he will only tell you what you want to hear, which translate to "it's all good, everything's on track, buy more shares to pay my salary!".
All my opinion, looking from the outside in.
- Forums
- ASX - By Stock
- Ann: Notice of General Meeting and Proxy Form-KBL.AX
The writing has been on the wall since early 2014, when the...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)