Here he goes again ! We learn from Ian that : 1.There has been a huge amount of interest in financing the company to production....but still no confirmation of interim finance nor debt (Bank) finance - expect another month+ 2. stockpiling of DSO now expected to commence by end Q1 3. still work to be done on port at Lucky Bay...but proceeding to plan (?) 4. first export shipment now expected towards the end of Q2
WHY would he even consider being interviewed with that non-news ?? I expected further delays ( history shows IFE predictions are always overly optimistic) but the interview only serves to highlight the loose ends and failure to achieve targets. Does he like hearing his own voice ? Does he think a few possitive and placating words are going to make everybody feel better ? Has he spent too much time in the desert ? The guy is a PR disaster ! I can't wait for the company to earn some serious money so it can justify employing a board of professional directors. If s/holders thought a re-rating of the SP was just around the corner they can forget it. This outfit looks mickey mouse.
TYX Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held
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