Couldn't agree more. There needs to be some major shareholders to shake things up. It'll be more of the same otherwise. I don't want to go through another 5 years of this pain. It seems like the Phillipino management and people have too much say with this mine, which is why it's not being run as efficient as possible. I think they should aim to build the cash pile for the next year and try to buy or fund a couple of gold explorers back in Australia. There's a lot of companies which cannot access funds to build their projects. Then they can flog this mine off to a Chinese owner who will be able to make something of it. I don't want to go through the pain of waiting for the L16 shaft to be built. If the service shaft is anything to go by, it'll take 6 years!
MML Price at posting:
81.0¢ Sentiment: Hold Disclosure: Held
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