.001 variance in SP may have a significant impact on an investment portfolio, let alone 10c
heads do need to role
who employs 190 knowing that the mechanism to feed them does not exist?
business reduce costs to weather downturn in sales and / or production, business does not increase costs
also, business puts the most qualified and able staff in the correct positions. It doesn't employ namesakes when their JV partner is an ASX listed company
just because we've moved from 3c to 80c, and the back to 3c does not justify the movement
we need to move from family to a corporate structure
yes, those decisions were made by our director, if not directly made by our directors, ommiting to take action when they should have was also negligent
spend $8.6m, employ 190 staff, plant wasn't working, after the first 3 months, staff should have been sacked, $2m applied to mechanical chemical engineering design not requiring a cr for 5% at $7,500,000 where we should have been producing that each quarter
this is not a game of trial and error for Pablo to get his act together and bring glory to Salta,
now look where we are at, hibernate,
what are the plans now? more ponds? plastics? how many excavators and / or contractors do we need to dig a few holes until the FID?
SO, we went from acquisition land, 10kt approval, strategic partnership and cr of 5% (while Pablo kept 25%), 20t sales to ceasing production in 3 months
heads do need to roll
AGY Price at posting:
4.7¢ Sentiment: None Disclosure: Held
