I think that is one well and truly for the directors. Looking back at the great announcement in April 2006 re Kalimantan it is absolutely laughable in retrospect..billions, zillions etc on the way , another OLY ever upward rocket graph that they used to be so fond of, pity is the graph was shown upside down.
Perhaps they might actually tell us about the history of Kalimantan, the ever shifting changes of the deal, why there has been deathly silence about shipments, any management issues with this project, how much they have torched and continue to torch on this project and compliance issues. Maybe with the share price where it is and less than $2.5m in the bank, 2 other projects going not very far and burning cash at a great rate (with five non-exec directors holding their hands out for good measure) and how they are going to pull out of the nosedive. That is when is the reality check going to finally be taken.
Dont hold your breath. Would not be surprised to see NMI offer to gallop to the rescue when its time for the long-suffering OLY shareholders to take the penultimate haircut within the next few months.
As I said Wallyworld.
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