MNE 5.26% 3.6¢ metallum limited

why this?, page-6

  1. 3,028 Posts.
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    If the el roble project was as big and as good as the company makes out, then why the need for the company to shift focus away to the teutonic project?

    I won't say smoke and mirrors, but they managed to shift focus from the Philippines to Chile in exactly the same way, and ended up mothballing Philippines citing waiting for better economics.

    I have held for a while and will play the wait and see game, but this is certainly a frustrating stock. Management need to remain focussed on one project and get that operational and making money before they invest time, energy and resources to other things. Picture a child in a toy shop who picks up a great toy and plays with it for a while, then spies another better toy and decides to get that, before once again finding a third, fourth and perhaps fifth item that eventually keeps the interest. That is how I see management at the moment.
 
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