ANW 0.00% 0.1¢ aus tin mining ltd

How wrong can we be in 10 months?

  1. 218 Posts.
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    That's a narrow view of the ANW world don't you think Crash? You speak as if you hold Directors responsible for all variables including items that have not gone to plan as if they have ultimate control of the universe, gees if it was that easy....... do it yourself.

    Maybe cut 'em a little slack on things outside of the board or executives control, certainly they are not perfect, however stating they are completely incompetent is grossly inappropriate IMO. With the value of hindsight, we can all be experts and critics that think they know or would have done better....

    Can they improve, sure, can they communicate better, of course. Can they manage budget and scale up of production better......maybe. I think most AXS listed resource companies could if you ask investors on HC. 

    I think whatever improvements that could have been made, or can be made going forward by ANW or the Board in that most would find lacking presently are hardly substantial enough to be calling them out as "completely incompetent".

    I suspect ones expectations might not be aligned with reality considering the numerous challengers that have been faced by ANW and for the most part now overcome. 

    Cheer Up 


    Last edited by Matricks: 06/02/19
  2. 2,685 Posts.
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    Appreciate your comments. But I am not using the benefit of hindsight. I have been critiical of the directors for over 12 months, ever since they used precious cash to fund drilling campaigns and  therefore expensive DGR intercompany fees ( for part shares) that could have waited until we we were in cash, or if you wanted to drill then go crazy in Tasmania so we can have known LOM extensions. As well the massive mistake of forgetting to chose a contractor before the wet season.

    I can forgive the ignorance of stating publicly 3 times throughout last year that T1 will be in operation, but the mismanagement of G2 in the early days has cost us all money and dilution. I can almost forgive (after an extensive tender process) in selecting a less than capable mining contractor, which needed to have certain functions removed from them, as well as the recent  Drilling contractor that brought a knife to a gun fight.

    So yes I call it incompetence. With respect Im fine if you disagree as we all have different measuring sticks. Unfortunately the share price may be weighing the directors to be more about incompetence than just temporary dumb luck.
     
    Last edited by 87 Crash: 07/02/19
 
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