Hear Yee, Hear Yee HEAR YEE ..... "a well known cost structure".
And that may well have been forgotten.
Only a fool continues to do as they have done and expect to get a different result!
Quarter after quarter, loss after loss.... then a magic rabbit pops up in January 2019 for a profitable month, so they say, but no facts as to that profit .... could be anything, could be a book profit too as I mentioned earlier you just account costs into February's month figures. WE DO NOT GET TRANSPARENCY, FACTS, DETAILED DATA yet they want to whizz the hat around us for money to keep their jobs?
Do we know what the real production costs are?
Do we know what the real development costs are?
Did accounting say cost of stopes is $x to access the ore etc?
Were there estimations presented or has it always been "piss on fires" management?
Or was the cost of accessing the ore put into production costs?
What happened to the material that was removed for the stopes? Was it milled or simply discarded? If milled what was the grade? Was more material of poor grade taken than required (for access) simply to mill rather than left in situ?
Questions abound, management is supposed to manage. Management is supposed to figure out prior what the feasibility is and if not feasible, if not viable then ascertain why and plan to overcome that. You don't wait until your on the bones of your backside!
Lost faith, just have zero confidence is this management.
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
(20min delay)
