I am pretty sure they paid more for the sag mill than what they sold it for....without delving into previous announcements which I cannot be bothered with at the moment I think you will find that is the case.......
they were suppose to pour gold 4-5 years ago.......bought a sag mill to do so......then sold it....why?
how much do you think a new sag mill will cost in the future if they need a new one......a lot more than $5m....
the big question to ask ..."why aren't they mining gold now"?....
after all that was their big selling point to investors.....
I believe the real reasons have not been made public.....
as for management....
as long as Clive Donner has this tied up in his family superannuation trust and Lin q.... I will stay well clear of it but watch with interest from the sidlines....
from what I have heard in the busines world he has done nothing to enhance his business reputation with what happened to the option holders.....
as for calling and asking....I won't waste my time with speaking to anyone within that company again.....I do not trust any of them!
WTE Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
