RED 2.41% 40.5¢ red 5 limited

TimberMy point was that there has been no hyped media frenzy as...

  1. 151 Posts.
    Timber

    My point was that there has been no hyped media frenzy as you sometimes get in places like the Philippines where environmentalists and various NGO groups try to paint mining companies in the worst light possible and ignore the economic development and benefits that projects like this have. Look at whats happened to LYC over teh past 12-18 months or even look at what happened to Lafayette in the Philippines many years ago.

    The fact that the company had in place systems to identify the issue early on and have moved to not only address the technical matters around it but also to protect shareholders through the trading halt and now the suspension is a good sign and an indication that management are focused and working in shareholders interests.
 
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