Denial, I don't think anyone is questioning the excellent job Jamie and Ross have done to navigate the last couple of years and we are set to have a stellar 2024 in which we produce 100,000 to 125,000 ounces and potentially make 40c - 50c in profit per share.
However, some shareholders are justifiably upset and frustrated due to a few factors.
- 23 months since it was announced that we are "close to a settlement"
- We have zero recourse vs DPIM delays and shortcomings etc
- We had a capital raise (unfortunately) - This after the list of wants from Thailand was funding for development finance (MASSIVE BLOW)
- Subsequently, we still do not have finance after 6 or more months of announcing we are seeking finance from a Thai bank
Finance has always been the reason the share price has suffered and management can not or will not fix this.
Are they incapable to get a loan in Thailand or one in Australia? We made $30m last quarter. We have an active gold mine. We have an award to fall back on. We are on track to increase production and increase grade and we can not get a loan.
What is the reason and is this acceptable?
Some feel not.
Denial, I don't think anyone is questioning the excellent job...
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Last
$1.67 |
Change
0.005(0.30%) |
Mkt cap ! $430.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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