Market Cap is now $25 million.
The quarterly is due. Will it be the tipping point?
Tizir operate Grand Cote and Tyssedal but it is difficult to know who is running the Grand Cote ramp-up, which has now overrun 10 months.
We've had a lot of "on track" to meet nameplate capacity in previous statements.
Who actually is managing the Grand Cote operation?
We have a very experienced metallurgist on the MDL board as an executive director who is paid handsomely - is he directly involved in the commissioning and ramp-up?
The Board is too big and too well paid for a company that just owns a half share of Tizir. The $250 000 bonus they got for locking in finance 2 years ago should be returned for failure to commission and ramp-up within 12 months.
Is this a fantastic investment opportunity? Has there been a rudderless ramp-up without clear accountability that has cost MDL its market credibility?
I would like to double my holding but at current prices but will await the quarterly to see if they have finally got there act together.
Market Cap is now $25 million. The quarterly is due. Will it be...
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