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clock Created with Sketch. 12/03/24
21:58
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Originally posted by Juggler72:
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Seems as though the BOD and management had become dysfunctional.I'm not a fan of the Chairman,BOD.Looks like the chairman who I think was one of the founders of the company(part of thr problem) wants to shut the mine down now,keeps blaming the spod price which don't wash with me.All about reducing the costs to mine the ore in which he seems challenged in doing for so me reason.Need to be making good profit with spod price at US$1000t - US$1200t anything above this is just a bonus,he has had plenty of time to rectify this problem but produced zero.If he's waiting for US$1500t for spod I think he'll be waiting a long time.Also the drilling program has just become farcical with the amount of money spent and very little results provided,something not right there but probably a reflection on how the company has been run.
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Not necessarily, the market might like it. It all depends on how the insiders have been talking about the whole thing. The shorts might usually try and take advantage but it looks to me like they have been closing their positions. Hopefully that continues.
