Nothing seems to work with this company. Plans and strategies accepted by management ages ago seem to be forever being deferred or re-evaluated or more studies need to be done. There is always some excuse which is spun into the concept, "well next time it will be better".
There is $40M in the bank and in 2 months it will be halved. Gold production is marginal, Mogale has never delivered anything like what these guys said it would.
It is no wonder that there is not a broker in the country willing to take a risk with this company. The research on the website is only "paid for" and as such is not independent.
I think this company is headed into oblivion in the next few years.
I don't believe they know what they are doing.
Time for shareholders to get the message and sell.
this is an awful mess
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Mkt cap ! $18.52M | |||
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