Lead dog is dead.
To the geologist and consulting company who put out a overestimated resource grade.
To the engineering consulting company who put together an unachieveable mine plan.
To the management team (Pre construction) who put together the finance.
To Anthony Monahan
- You have single handedly destroyed your reputations.
To Byrnecut, the underground contractor.
To all the onsite employees who tried their guts out because they were told an unrealistic feasibility was achievable.
To the other shareholders who stayed the journey and believed there was more to this project (Including the gold and copper upside)
- I say thankyou.
To TJ - I have the greatest respect for you, but you accepted this hospital handpass from AM and should have done your own DD on both the people and project - As should I. When you released the announcement projecting 1 days performance to the remaining 364 days, it when then I knew the project was fatal. You and I both know this is not realistic underground and in the mill. Your lack of understanding on the financial drivers and how they are so critical to project ramp up were glaringly obvious when you did the MoM podcast. But it was too late by then, the parasitic cephalopod Taurus already had it tentacales well and truly around the neck of G1A.
I now hope the Administrators understand how critical Byrnecut is to the operation and ensure they are the number 1 secured creditor, behind the leaching lenders.
Lots of lessons learned and money burnt.
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