To me, apart of promoting, one of the most important things is for management to communicate with shareholders as much honestly as possible.
If there is rise in production cost it must be properly addressed and explained. There is nothing worse than rise in costs explained in rubbish way. Because in that way you brake not one but two things - financial competitive advantage and trust in management.
Cínovec is great resource, still potentially one of lowest cost in the world. But management can't just get out PFS with 4 months delay and costs - CAPEX/OPEX higher than expected with no proper explanation and behave like "we are so surprised by market reaction, some companies have also higher costs now which explains it all".
EMH Price at posting:
88.5¢ Sentiment: Buy Disclosure: Held
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