What can we do as small investors, this company has put out a number of reports declaring that the economics of the project are robust and pay back for any loan taken out will be achieved in a year yet they sit on their hands and wont make a decision to mine.
As pointed out they do not have any mining personnel on the board, the finance director resigned 6 weeks ago and still hasn't been replaced.
Mr Bolitho in the Annual Report stated they had appointed a debt financier months before the release of the BFS (06.08.18) therefore they must have been utilising a debt financier from about June, They now state they need another 3 months to evaluate the offers of financing the project.
It is absolutely ridiculous that they need 6 months to decide which way they want to go and IMO we are being feed absolute rubbish and the Board has to be accountable for their actions which clearly outline they do not want to commit to getting this project going.
Based on the BFS and economics of this project, the share price is a joke and the MD/Chairman is not providing any updates or transparency to stop the rot
WHY NOT?
So Why Would He Resign?, page-8
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