It was hardly the fault of BJ that the original financier went tits up in the GFC. He was also right to pull the pin on Venezuela.
In terms of being on the sidelines, we all are outside the tent. But I got involved when things were really tough in June last year so probably know a little more than others.
How many other MD's have put $3m of their own money into a company unsecured and initially interest free as well as foregoing a salary when the company faced a cashflow crisis? Not many, if any.
To criticize the entrepreneurial approach of BJ and EVG itself is missing the point of the very nature of this company. It is an aggressive, growth focused company using new technology in a newly opening up region. It is not NCM. As such things appear hectic and activities may not be linear or staid.
Perhaps the announcements are flowing in an effort to get attention for EVG, in turn to raise the SP, in turn to fund ventures outside of LL in a timely manner so BJ can utilise his and his management teams' skill sets to grow the company instead of sitting with their thumbs up their arses watching the slow construction effort at LL.
That's it from me.
Cheers John
EVG Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held