chomp, page-20

re: latest announcements a bit lame Big picture vs Little picture? An interesting line of reasoning. The big picture is the directors job. They arranged a $10m line of credit and then did not use it effectively. Result, an extra capital raising that dropped the SP below 12 cents and pushed the mine startup back 3 to 4 months.
According to the last statement the mine startup is now dependant on the POS apparently more so than previous announcements. Have the board changed the startup POS from the already indicated $AUD 9.00?
It is this lack of big picture thinking from the board that is the worry.
Nevertheless, my thanks Phillw for your contribution to a strengthening of the price of my holding, if it happens. Such altruistic action is rare in the market. I think the rise in the SP will happen after a serious jump in the POS.
Wonder how many options will be exercised by directors to cover up past lack of big picture actions?