Management are hiding something and are not playing fair with SH's.!!
I question if all this is legal ?? Needs to be watched closely to see.
The CEO already has links to Wellington.. surely this is a conflict of interest and bordering on insider trading??
The CEO was probably also spooked by the nosedive of the NP and in semi-panic decided to act right away to secure some sot of finance to smooth the cash flow for the next year.
Stock on hand of 15000t concentrate... I listened to the conf call recording and there was some confusion by Maryse but she clearly said "concentrate" and "15000t" of it including the delayed shipment from july... UNLESS she was mistaken by the question and it is the total amount for the year already shipped including the delayed shipment.???
So maybe less concentrate to sell and she needs cash to get the staff back to work to mine more.
They have stockpiled ore as well that they are processing as we speak but only about 2 months supply. Almost used up by now!
Prudent management or doggy dealings going on??!!
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
