This is always the issue with small companies. Good thematics and at least decent assets can be ruined by management decisions. Often management look good but at some point they either make errors at some point or show their colours which is only ever compounded by poor communication. I've had another stock spirally rapidly as some poor decisions and poor communication came home to roost. As I indicated in prior posts, I didn't have very good interactions with the company and that is always a turn off for me.
Poor decisions always result in poor shareholder outcomes but if these guys can get some bridge funding until they actually deliver a shipment within a reasonable time then you all should come off okay if the bauxite fundamentals hold up. On a side though, I wonder how those fundamentals will hold given RIO green lit a $2.6b expansion at Weipa?
ABX Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held
