The problem is the CEO is not focussed and is spending profits he hasn't made yet. There are still issues with ACM and Higginsville that will come to light in this coming quarterly. They need to focus, clean up the balance sheet by clearing some dead wood and bring the gold online in a cheap and efficient manner.
Tight capital management doesn't mean you by assets while your PE is ultra low or negatives, it devalues other shareholders.
We don't need a miner anymore, we have the assets. We need a business man to start running this like a business!
News: WGX Westgold Resources To Buy Andy Well And Gnaweeda Gold Projects, page-5
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