1) Has anyone heard anything more about the pilot plant? Is it built yet?
2) I saw the massive grade dilution exercise of Dawson Hinkler. Market saw right through it, ofcourse. Playing with numbers on a computer screen doesn't impress anymore. Study-rehash fatigue. When I was in mining consultancy, we loved these jobs, gravy.
What a disappointing management team we have. I'd be interested to see if this kind of very low grade material is even economic in the Australian context? Just compare a west aussie mining wage vs a namibian mining wage.
3) And now, Even CXU is valued higher. I think that says it all. How embarrassing. I think the market is truly fed up now, with this management.
I believe we're in trouble....hostages on a plane in freefall, and the pilot has locked the cabin door.
Very sad. All I see is years of value destruction, with only one winner...and it certainly ain't shareholders.
Looking back, I am now in even greater awe for what Mike Young achieved with Vimy. Yes, leadership is key.
TOE Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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