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clock Created with Sketch. 25/10/15
19:01
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Originally posted by No_8
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Raider, no I do not believe so. There were obviously a number of issues identified by the lender during DD that did not meet the pre conditions. Only the insiders will know what these are, but good chance lack of delivery to customers was fairly high on the list. This would have driven a review to establish reasons for lower grade output and other bottlenecks, which seems to have identified the imbalance in the processing facilities. I am only guessing, but seems the initial management responce was to hire more staff rather than look at reasons why the bottleneck was occurring.
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Yet again, and far too often with Australian companies, it's clearly a problem with MANAGEMENT! IMO there should be far more attention given by shareholders toward identifying and calling to account mistakes made by management, because founding visionary entrepreneurial insights are just not enough to bring rewards to long-suffering shareholders. Lynas is a good example.
Last edited by
RVR :
25/10/15
