Explorer to Miner life cycle, page-2

Good post Hoots.

I have no idea why M&G took the actions they did.

As an ex share-holder i sold out for the following reasons. All my opinion
1. Complete inability to meet deadlines. Long history of over promising and under-delivering
2. No DFS. I believed that construction (as told) would be fully funded thus thought the dilution risk would be minimal.
3. Bizarre antics like using CuEq and introducing a magnetite resource! I don't like CuEq and I don't like low grade magnetite.
4. The timeline bars that stated completion or near completion of key components that latter were discovered to be untruths. (An interesting exercise would be to mythbust one of those blue slidy bar timelines in previous announcements)
5. Lack of detail of rail and port and how this would be executed. This was a main concern for me as I know how expensive transportation in this region is. When the JV was canned for the rail, I was out.

So I can only speculate that M&G got fed-up with management. As the resource itself is damn good.