incompetent

This company continues to be plagued with incompetency.

Firstly it was the snakeoil salespitch from Flory loaded with deceptive statements.

Now its fencesitting fat salary grabbers with no foresight or courage protecting their lifestyle. The trail of deception by the existing board continues. They would have known 6 months ago the state of this project. Not one word was communicated to the shareholders. Everything was all systems go. THEN they found something to hang their collective hats on - the zinc price. "Lets shut it down and save our fat salaries"

You need trailblazers in this environment not whimps who throw in the towel at the first sight of indians and head for the safety of the hills.

Now the spin is "We will advise of our revised plans in due oourse" meaning - a share of the $50 million should give us a fat pay cheque for 3 or 4 years in meantime, provide a good line of spin, use market conditions to play it safe and in the meantime look around for another company that wants a caretaker until retirement

I say clean the lot out, condense the shares, change the name and get a new board who know what they are doing.

At least give the company some life and direction.