PNG fuel crisis created by PUMA energy and lack of funding in sight till now. Fox maybe looking to cut corners, Board needs to take a pay cut. Men digging the holes on the ground are better than men creating holes in the Balance sheet. Lavish spending with no results for Shareholders. Where has the undervalued bandwagon disappear. Gold price is adding salt to shareholders wounds here. Gold will run up to 2500 in short term i.e. 18 months and this is battling funding issues. Job cuts and pay cuts from management may help at this counter.
Ann: Quarterly Activities Report and 5B Cashflow - December 2023, page-8
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