MYG mayfield group holdings limited

falling behind schedule

  1. 691 Posts.
    lightbulb Created with Sketch. 19
    Here is a link from an interview exactly 7 months ago.

    Its fairly clear company is falling behind schedule again. Its coming from their own mouths. Finance was supposed to be all finalised by August 1 - that nearly 4 months ago.


    http://media.smh.com.au/business/business-leaders/mutiny-gold-moving-to-producer-in-2013-3252380.html


    Company can continue to question why people are selling and questioning why investors have a negative sentiment. They say to keep looking at past company announcements to find the "truth".

    Problem is looking over these past announcements etc just keeps showing them missing deadline and target dates by a long way.

    That being said, delays are inevitable, just wish they could be a little more accurate with their timelines, pretty obvious over stating company abilities to hit dates will see SP butchered.

    Maybe some investors attending tomorrows AGM should bring up a history of company timelines and show the board how they have constantly missed their timelines.


    Should be an interesting AGM tomorrow.
 
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