LAF lafayette mining limited

Well, in my own words the market must be heading for a fall...

  1. 1,194 Posts.
    Well, in my own words the market must be heading for a fall because my faith in those running the show at LAF has, along with our portfolio value, taken a hammering .

    All that hard work and effort to get this fledgling where it was poised to have the market sit up and take notice, and they choose another way of doing it (make the market sit up and take notice that is!).

    Disappointed, like others in here, with the way management have handled this whole situation and now questioning their capacity to restore confidence. Fine to say it will be ok six to twelve months from now but that was what was being said six to twelve months ago.

    Tas, LAF's design or Leighton design/construct? I understand one failure was operator error but the other was design capacity related. Could possibly help LAF in the event of compensation claims against them if they have someone else to lay off on.

    LAF was our best growth pick at prices that allowed accumulation of volume and it has been a frustrating pain in the butt so far. Opportuniy cost in holding LAF continues to frustrate, but still holding. No good swimming half way there and then turning back because you think it's too far.




 
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