What is concerning is the high cost of Australian labour and by extension over-promising, under-performing CEO's on large pay packets of shareholder funds.
The strategy of this Company is unsustainable without cash flow. Same problem for well over a year and little light at the end of the tunnel from what has been published.
The "dirt" may look ok from results, but without a focused and affordable plan to dig it and move it, it will stay dirt forever.
I hold in hope that IFE can finally get off the ground and provide cash flows but recent downward prices and undisclosed operating costs may keep this mothballed for a while.
Still so many unanswered questions after all this time.
Oh but remember the success of ROL. As if that helps !
ps Howdy to all my HC friends out there, its been a while.
TRF Price at posting:
9.9¢ Sentiment: None Disclosure: Held
