Give them a chance? This is a company and we are investors. They arent our girlfriend or best mate.
If they cannot deliver then it's a failed business. Take the emotion out of your decision making. Saying give them a chance has quite a lot of emotion attached to it.
Look at the stats. Look at what they have said they will deliver and map that to what they have delivered.
They have missed all goals and all targets set by themselves. Let's retrace may was meant to be 1000oz. June 2000oz. Even if June was a total write off at least 1000oz should have been delivered in June right? But no write off both months!
But nada. Not even 300 oz has been delivered for April-June
It's a hard sell. I would reconsider this after the next credit raise when it has settled to half the cr value, a fairly normal equilibrium point. At this price point a cr of 4 c reflecting very high risk and zero execution. Then it will drop to 2 c. So I would consider these a buy at 2 c
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