welcome to the club...., page-5

I have to agree with the majority of your post, pesce.

Our (Thor’s) main problem is that over 2 years ago, expectation was set at Molyhil being close to producing. This, to date, has failed to materialise. In life & business, if you set an expectation, you damn well better be sure of meeting that expectation or have a really good plan B or excuse in your back pocket, else you risk losing all trust.

I don’t blame MB for Molyhil not progressing; much of that process would have been outside his direct control, he can’t force someone into buying the tungsten. The mistake was to be so optimistic about it, talking production dates etc...maybe he got carried away with it all, maybe he came really close to closing a takeoff deal, maybe he was taken for a ride by a potential buyer. I’d love to know what really happened.

To find out only recently about the uranium content is disappointing & shows an inability to turn bad news into good. How much better would sentiment be now if last year an announcement was made along the lines of “takeoff deal is delayed due to excessive uranium, we are confident that we can reduce uranium levels & increase resource, we will keep investors posted.”

For me the only thing that will restore sentiment & share price is a Molyhil takeoff, the rest is fluff.

Thor also has to learn how to make positive announcements of bad news instead of going quiet.

gla
MT