re: Ann: Drilling at Telephone Dam Lead Zinc ...
Wish they would get the money sorted for Whilcherry as No 1 priority... sick of waiting around for confirmation. many grey area do not seem to be forthcoming and Ian rarely responds.
Ian looks to be the main person in control in both lots of managment... I rarely hear of any other Director doing a dam thing...this is Ian F's baby. I would suggest he cannot get this project completed without serious help.
His BRR interview suggested some Ops Managers being appointed from BHP- hope this is the case or has been the case. We rarely hear a dam thing on Whilcherry anymore... many investos lost heart and moved on from what I hear.
More comms needed by Finch and some great project managers need to complete this project that was originally die for completion early 2011- yer right now Mid 2012 i would suggest.
And these Oppies for 30th march 2012 tell me they will need the final bit of cash to conclude the project then... so much for the BRR interview in Feb 2011 stating they have many options to gain the cash needed.
Seems like they have very few and only Intersuiss been forthcoming and they have 'get out of jail clauses' if necessary.
Bit of a Ummm Ahhhh stage in development IMO. Get past the Cap raising and get the full 30 Mil as opposed to bit by bit by bit and get this PROJECT DONE. Whilst the Iron ore price is sky high. Margins will be amazing now- who knows in a year or 2.
It owuld take only 1 professional investors to understand that a 30 mil investment worth 100Mil + pa potentially. There are risk tolerate investors out there where 30 mil is chicken feed. Where are they...
TRF Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
