YES. But that doesn't mean you need to consolidate. Because you NEVER consolidate in a down trending market or negative sentiment. Because it just keeps going down post consolidation. What they need to do is NOT release sub-standard meaningless announcements because they know they have been advised by their various Consultants like BBA and HATCH that they F'..d up on their comments to the market which set an unrealistic expectations based on over zealous Optimisim by Mr Lynch himself.
I'm starting to think this Job of managing an overseas Canadian Mining operation is beyond his skill set. Particularly given the fact that we are operating in the French speaking province of Quebec. Not sure how his French speaking abilities are ....but it definitely seems he is losing something in the ' Translation ' . He got us over the line with lets face it a cast of a thousand Quebec lawyers and consultants. Perhaps it is now time he moves on.
And they are really not doing all that great a job on the Austalian end of compliance or relevant organised media releases here on the ASX listed home exchange either. Perhaps he needs to reside here and get some hot shot commercial Mining background CEO who knows what the hell they are doing , and understands the landscape in Quebec and Canada....including ALL the different ins and outs of their tax and investment system.
Because it would seem that he clearly doesn't have a proper handle on things with his ' half cocked ' comments coming out which really should have been retracted immediately back in January , and because he really doesn't seem to understand the ' lingo ' or definitions of the program of work that needed to be done before any statements like these could be made ahead such Documents ( like the DFS ) could be effectively be released to the Markets here in Australia . A market where MOST of the Investor support base actually resides.
I'm starting to see why the AWB was a massive failure in part on account of his Managerial ' Asian ' Stewardship term frpm back in the day. I'm totally pizzed with his abilitites really.
He seems totally reliant on others to engineer even the remote bit of Geological or Price sensitve negotiated news flow.
I mean I and others can see the economic and financial good in this PFS document , but that doesn't appear to have stop the opportunity for Market to express its dissdain for the obvious shareholders trust which has been apparently breached from this long hiatus of ' Silence '.
So ' Cop that ' the Market has said.
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YES. But that doesn't mean you need to consolidate. Because you...
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