'Earnings reports can be easily manipulated'
what is being manipulated is the shareholders' perception of the director's attitude to honest and reliable reporting .
There has been a $30million impairment charge taken against Karouni assets . There has been an inadequate explanation of how this impairment was derived. Staying clear of ASIC would be a high consideration I suggest.
What bothers me is the throw-away insolence implied in the 17 October announcement about the ' small failure of the northern wall in Smarts 3 pit'.
It's OK.....'a review from geotechnical consultants ' was to be instituted and 'the LOM plan will be updated over the next week or so ' and an announcement concerning revised production guidance will be made as soon as the information is available '.
This lack of care- amply demonstrated on 17 October- falls into the same category of behaviour as the throw-away AGM statements on intended drilling of the Ohio Creek prospect which were to be made 'fortnightly'.
unfortunately kojak ..much as your above analysis is helpful ...your credibility is suffering as a welded-on Troy director apologist.
We were told on 22 February to expect additional drilling results from Ohio Creek ' next week' ..............yes another careless throw -away announcement destined to disappoint shareholders.
What this board needs is a director who cares about honesty in shareholder relations.
If the SPP is a fail I will be doing something to install a TRY director who does care.
TRY Price at posting:
10.0¢ Sentiment: None Disclosure: Held
