OBM 1.16% 42.5¢ ora banda mining ltd

Listen, lets everyone get this straight. It is MOST apparent...

  1. 241 Posts.
    lightbulb Created with Sketch. 81
    Listen, lets everyone get this straight. It is MOST apparent that EGS engaged works from GR for the refurbishment of the plant full well knowing;

    a) they did not have the capital to fully fund the refurbishment and were relying on a further predicted capital raise

    OR

    b) grossly underestimated the cost of refurbishment of the Davyhurst mill.

    Read between the lines, there is nothing in between. Now I don't give two sh*ts how this is resolved, I simply want it resolved ASAP in order to move towards trading. EGS likely never had the capital to fully refurbish the plant in the first place, and Yenon Ofri CLEARLY was not doing his job to the best of his abilities as the Project Manager. I suggest EGS resolve this as quickly as possible and then consider legal action against Mr Ofri to recover some amount of costs once the company is back and trading.
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