Oh BW, u have a short memory.
What about the Restart promised in December that was delivered in March. BIG miss. Which cascaded into finance delay.
All approvals were slated by end Sept as well I thought so we'll see on that front.
I think their haste in moving, while completely understandable, was poor capital management as cash burn happened too quickly.
My criticism about him is that he shoots from the hip too easily, not a good trait for a MD. And he, and the Board, have made some poor calls. The CR was a case in point - retail component woefully undersubscribed and drove the SP to current levels which really shouldn't have happened.
Sure, markets have turned, but other players are getting funds so it's not a dry we'll here.
I think the guy is genuine but he's not, and should not be, immune from criticism. That's the job, like it or not.
His recent silence is, I suspect, a result of lessons learnt. My correspondence with him indicates that he's not going to be offering timelines on finance from herein.
Cheers
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