Hard not to get frustrated with these guys. Why would you put in the quarterly report that the studies were due for completion at the end of July, if your not going to provide an update soon after?
They have a great opportunity to gain trust in new management by delivering on dates and improving communication but currently seem to be failing at both. If the studies are going to be late, why not update the market for a revised completion date?
The only real indication of project timelines since the board shake up is through Neil Goodman's Performance rights. There has been no updates on any of the milestones set out in the April Investor presentation, so hard to know if they are even being worked on?
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MGU Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
