PLV 0.00% 1.2¢ pluton resources limited

"coming days"

  1. 376 Posts.
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    So where is our announcement? Is anyone else wondering?

    I note the announcement from management was "Execution is now expected over coming days."

    Now i appreciate this would be a complex deal but i think management need to start to improve communication to the market.

    Given the above announcement was made on 26/4 and we are now at the 10/5 this isn’t what i see as coming days. Again I appreciate this isnt a simple sign here but management need to look at the wording they use. I do not force management to offer such timelines they come up with these themselves.

    Could I suggest something like “coming weeks”? Why be agressive on timelines lets be realistic.

    IMO when we have announcements like the one on the 26/4 and then nothing in the coming days it creates the feeling that there is renegotiation occurring, uncertainty on execution (given we have had a reneg on tranche 4 once), management feel pressure from market and other external forces to produce and then create unrealistic timelines, management do not have control over the partner etc.

    Am I being unreasonable to expect timings in announcements are met and if not we are then informed why?

    I don’t think it does a lot for market confidence and SP performance.

    I am not saying that it all wont go to plan but merely looking at timelines offered and then the subsequent performance around them!
 
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