TLG 2.59% 59.5¢ talga group ltd

Grigor has an axe to grind. It's amazing what he thinks he can...

  1. 13,975 Posts.
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    Grigor has an axe to grind. It's amazing what he thinks he can get away with saying about a company when he has personal disagreement. Here he is promoting his own company in 2018. As I recall, they've now mothballed production from the mine in Sri Lanka. Would be interesting to look over his later statements.

    http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm31March2018.pdf

    In the case of FGR, we are not talking about a speculative
    company that wants to go into production, we are talking
    about a company that is already producing. By the
    company saying that it was within 10% of its target or mine
    plan, it wasn’t flying kites. It was saying “hey, we are within
    10% of where we want to be, and we are improving”. Will
    the ASX prevent FGR from ever giving production guidance
    because of the style of orebody because it is too dumb to
    see the difference between a speculative target based on
    resource potential and one based on actual mining being
    experienced? So much for continuous disclosure rules!


 
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