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nailed it z man

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elit

13,316 Posts.

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18/07/18

12:06

Post #: 34418007
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Originally posted by z man ↑

Hi Neil, no objections from me on the additional disclosure. There are two issues in my mind:

1. The board tends to over promise and under deliver. For example, harvest yields, availability of Cantab pills, bauxite off take etc. There is way too much hyperbole in the announcements. Can I suggest the board state the facts and contain their excitement until there is greater certainty before announcing the next achievement. No disrespect to those involved, but the difference between 80 tonnes and 500 tonnes is quite unbelievable and the follow up expalination whilst detailed does raise some concerns about the diligence pf those involved in making the forecast. To my mind, experienced farmers would err on the side of caution as far as whether is concerned. If the board promised less, there would be no need to explain.

2. The announcements could be more succinct and fact based. Would be good to see valuations backed by expert opinions rather than the market price for QBL is the best valuation. Not sure that we should trust the punters on a spec stock to properly value the asset.

Just not two cents worth. Hope the board sees this as constructive.

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nailed it z man

QBL Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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