Exactly 6 months ago I posted this timeline from their presentation in December 2017. It was a bold move by management to publish the timeline...... as you put yourself out there to be judged..... and unfortunately for shareholders 6 months on and it's not a good sight.
They expected to complete their EIS in January and have completed their Environment Impact Assessment review by June. Yet now they aren't even expecting to complete that EIS by the end of this coming quarter?!? How could they get that first deadline soooo wrong? You set a deadline in Dec for the end of Jan.... it's 6 months later and you still haven't hit it?! That is pathetic.
And what does that mean for that Oct DFS deadline, we'll it must be 6 months behind schedule at the very least...... it's been a very poor year indeed from the PNX management team.
Shareholders have been duped here, management are either scared of finishing the DFS or just damn right lazy.....
PNX Price at posting:
0.8¢ Sentiment: None Disclosure: Held
