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clock Created with Sketch. 18/07/19
21:40
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Originally posted by paulgf
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A few after thoughts on today's release..........the board need to start thinking more strategically. This raise at a poor level was due to not having had the leg work done on a longer term strategy earlier , arguably the entire reason a board is there given they aren't out in the field doing the digging. It has been clear for years that Indee was always due latest by now ( with extensions available on table) so there should have been concerted effort to complete the PFS for mining prior to this settlement to ensure their was the best chance of having a coherent proposition to put to the market to raise more funds. Alternatively some 18 months ago if they knew PFS was likely after Indee was due then try and roll Indee back to get the PFS out first. This is basic stuff really for a board to be doing. Timing is everything for this end of the market.
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it will be interesting to read the document that explains how the DGO appointees will manage the conflicts of interest which are bound to arise from time to time and what restrictions, if any, there are going to be on DGO trading its DEG stock
(20min delay)