They said that they had achieved a 50% reduction in staff then they said "Additional streamlining of other general and administrative expenditures. Will continue rigorous approach to cost structure optimization..." To me that means they will continue with letting go none core staff but as I said if you think they have mislead the investing public feel free to contact the ASX but to me the rumored cuts to staff was what I was expecting and calling for.
The company had hired hundreds of people in the expectation that Kachi would go ahead. Kachi is now moth balled and sadly there is no reason to keep hundreds of people on the books.
They said that they had achieved a 50% reduction in staff then...
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