Why are you so surprised!! When has this management delivered? CB (Carr Boyd) was an absolute disaster, followed by Spargo. The amount of $$ blown on hypotheticals and Geologists that proved they actually have no idea with the talks of the elephant and now they are all employed here again.
CB went for 3yrs like this and still waiting for the DFS that a CR was meant to fund but they never produced one. Over $25m+ from CR went down the drain for shareholders and the only ones who benefited was CD, Les, Steve and brokers doing these raises.
Fooled me once but def not twice. Tread carefully with this mob. Writing is on the wall and was even previous to this. CD has a reputation for a long time and just when you think he has changed all the alarm bells start ringing.
$$ will be an issue in no time. Flights, accom, wages and rigs standing around only makes the bank balance go one direction.
Why are you so surprised!! When has this management delivered?...
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