To be fair, one can only imagine this is not where Mr Mutz would have wanted to see the company at. The lack of approval is out of his hands and the blame is thus misplaced and so is the direct resultant lack of production on account of. I believe he is also rather upset at having had to let staff go. Of course holders are annoyed at the lack of progress from the external powers to be.
Not sure on the terms of the performance rights - but assume certain conditions have to be met for them to turn into shares or else they'll lapse. Mr Mutz would undoubtedly be mindful of such. Doubt the Murray Zircon team could hurry any approval processes any quicker as these processes are externally dealt with.
As far as sp falls, it's much worse if looking at a longer period. It is a shame that mining companies these days have to jump so many hoops imposed on them and in IMA's case the delays meant not only job losses but puts the company in a difficult position. Earlier dividends were good whilst they lasted. AIMO
IMA Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
