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14/07/19

14:39

Post #: 39513067
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Originally posted by asb83: ↑

What the company says and what is reality have proven over time to not align. The company says JB will be pumping out ~320ktpa spod within 5 years. Give me a break. How's it going to be funded for a start? No one is going to fund it at the moment. PLS took 4 years from first breaking earth to commerical production status and over 5 years to get to 300ktpa. That was considered a feat in itself. JB doesn't even have permits yet and has less than 5 years and ticking down as per management's own timeline. I think we need to be more realistic. Have management not heard of under promising and over delivering? History shows they have a tendency to over promise and under deliver. Management have a responsibility to provide accurate information and not fantasies.

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@asb83 - researching the points raised by Thesi in response to my post. I think reality lies somewhere in the middle.

agree with you over the management factor. I think under delivery is a perception and management has an obligation to set it right

GXY Price at posting: $1.31 Sentiment: Sell Disclosure: Not Held
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