What the F**K is the management of this company thinking? Heaps...

What the F**K is the management of this company thinking? Heaps of broken promises, can't seem to focus on one idea for more than 2 months before getting into another crazy scheme. I mean - shifting the bagging as well as "other possible operational activities" to port moresby???? and in a "secured port environment" ???

Sure, there may be cost savings in terms of energy prices, but since when was port moresby "secure"? What about political/security risks? And since they've just invested heaps in Skardon River, why would they want to even consider moving infrastructure elsewhere, particularly as they haven't even gotten any profit from Skardon. I would think that at this stage, the cost (not to mention risk) of moving infrastructure to port moresby would have to be more than the potential savings to be made.

And what's with the additional raising of funds on the AIM?

Management of this company is nuts. They need to focus on achieving the basics (ie profitability of Skardon) before going off on these crazy schemes.

While I think there is certainly upside potenial to this stock, and it is definately trading below its nta, I'm over this company. Management have not proved to me that they have the best interests of shareholders in mind, and have not demonstrated any indication of a cohesive, sensible strategy to achieve sustained growth and profitability.

Like I said - while there may be some upside in the SP, the risks in this one (ie management) outweigh the benefits.