"What is clear from all this is that IK should have been given the boot years ago.... only when he is out the door do shareholders find out the truth about the viability of MNM's long list of projects (which was trotted out in excruciating detail on every annual report)."
What a load of bunk! So you are alleging that shareholders thought that the coal projects were currently viable after the coal price crash, the move the mothball them and to concentrate on gold?
"MNM now finds itself with one viable fledgling project, needing lots of $$$ to get it into production"
What a load of bunk! MS is not a fledgling project, it is a mothballed mine with infrastructure a tolling plant etc. It does not need lots of $$$ to get into production, it has had over $30m already spent on refurbishment by MCO and based on a the plants rated output could payback in 6 months.
One more thing, you may want to get on the same page on whether the project is viable or not.
Mangohippo "MNM now finds itself with one viable project"
magix66 "IF they think it's viable"
General Meeting, page-5
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