Biggest gripe for me is that for the past 12months since the thickener circuit was installed, IOR have been telling us all is well (through their rare communications to shareholders) while clearly it has been anything but. Even at the AGM they painted a rosy picture.
Heavy rain and contractor issues they said, playing it down. Seems that was just the tip of the iceberg.
Aren’t we supposed to be receiving the Phase 3 long lead items from overseas in December? How’s that??
I wonder how FS feel about this as they are well down on their initial $10million investment.
The least Mr. Mandelawitz and Henbury can do is grow a set of balls and front up to shareholders. The huge salaries and performance bonus’ demand it
IOR Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held