It is quite understandable for anyone, not just you 123enen, to be very upset at what is going on with the company. I am too. Taking so long to sort out their (and ours) problems, IMO is not acceptable. Nor is the fact that anyone of us don't seem to get any sense out of anyone within the company, if you try to ring them. I am positively sure that they would have been forced into a gagged down mode by our lawyers but, when is enough becoming enough, and why other issues irrelevant to those secret negotiations could not be openly discussed either.?
I have tried to get in touch with the company in the past myself but you get very little, if anything at all out of them, even if it had nothing much to do with what Tony and Brett were up to. As a matter of facts I've tried to get in touch with the company concerning the figures appearing in the quarterlies whereby it shows that the expenditure from mining oparations are greater than the income received from the mining itself, and no one was available to talk to me. Later in the evening I've got a call from a person unknown to me, possibly a PR person, asking me what it was that I wanted to talk about. I've asked that same question and in a sort of a way, he agreed with me that there were starting costs which increased those production cost figures. To be honest, he only kind of agreed with what I was saying, not him telling me the real reasons. As I couldn't talk to him for very long, (I was out with some family at a restaurant when he rang), I had to cut the conversation short. One thing is for sure though. And that is, that should time permit, I will follow it through further.
Lastly, but certainly not leastly, I am of the opinion that there is more to it than what eyes can meet for Tony having to walk out. My opinion has never changed that he was touched on the shoulder for him to move on, not the other way around, and it will not change until Tony will tell me himself that I am wrong. I am still of the belief that in exchange for WEG to agree with certain terms and conditions, Tony had to go and in exchange Ms Weng had to go to. The corporation world can and will always work in a funny and secretive way most times than not. Just like politicians do all the time. Maybe one day we will find out.
One thing is for sure though. And that is that money is not as easily available around the World like it used to be some years back. As such, if we didn't intend to go under, we would have had to bend forward and succumb to the pressure. IMHO the Chinese had us in a tight headlock. Simple as that. Am I happy for that to have happened.?? Of course not. But did we have any other choice.??
I only hope that the previous terms and conditions we had set in place once upon a time, will not change.
In the meantime, the gagging side of thing is still going on.
Now I am waiting to see what our new Management is capable of doing, when we will start receiving results for the drilling at Cockatoo, and if and when we will be going underground.
Like you've said 123enen, they will have to start pulling their fat finger out from you know where, and get their act together. After all, it is our money that they are playing with, and I won't be very happy if the company and/or Brett will start treating us like the proverbial mushrooms.
Yes I am disappointed but I have to be honest that I not stressfully concerned as yet. I still have great faith that we are holding a very good and profitable mining operation. All we need is a good captain with balls of steel which is able to stear us out of the storm, and from there on to be sailing away for ever after.
Good luck.
PLV Price at posting:
20.7¢ Sentiment: Hold Disclosure: Held