It would be great if somewhere in this presentation it stated, " After about 15 months of ownership we have decided to write off about 32% - 42% of the price we paid for this mine".
I've never been able to understand why this mine was acquired. The acquisition only ever seemed to make sense if the drilling they planned to undertake yielded great results, essentially paying top dollar for the chance that there was way more gold "in them thar hills".
Unfortunately the drilling doesn't appear to have yielded much at all and we shareholders are all the poorer for it.
Ann: Presentation - Dargues Life-of-Mine Update, page-2
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