Ann: Tennant Creek Drilling Delayed by Rain, page-22

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27/03/24

20:39

Post #: 73091581
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Originally posted by coto: ↑

The thing is that they keep getting payments from TVN so the bottom line is looking good, but they are failing to deliver on the exploration front for shareholders. It is very frustrating as a holder to see so much potential so many juicy targets in the prosperous region of TC, but because management are lifestyle types and not proactive hands on the ground types we are so far behind from where we should be. That is why the share price is where it is and why sentiment is currently so bad in these threads - investors are losing more confidence with every new delay. There has been a delay in every area of the business the past 1-2 years. Yes, some of it is bad luck and weather related but there is a trend that goes beyond the weather. Where there is a trend, there is a clear issue within the management of this company and the decision makers. They are making all the wrong calls which lead to delays!!! If they made the right calls, then the delays would go away. Not drilling in the middle of summer - fire and wet season. Starting around winter or just after would have been wise! Choosing well established geophysical contractors and paying for decent lab services! Getting the best service possible. Also, when actually given the opportunity to drill, choose the best geophysics targets first, the target we first went for did not have the best chance of success imo. All this drama and these delays have put us back 12 months minimum.

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The shareholders of Tvn got rid of Paul Burton when he was ceo of Tvn because his behavior was similar these directors , time to get rid of them .

KRR Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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Ann: Tennant Creek Drilling Delayed by Rain, page-22

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