MPJ 0.00% 0.0¢ mining projects group limited

There is such a thing as unacceptable protraction of timelines,...

  1. 306 Posts.
    There is such a thing as unacceptable protraction of timelines, even in spec mining. Most of the positivity about the latest report is coming from posters who have held MPJ less than a year.

    The message is this: measured, meticulous research is admirable and necessary in this field, but eventually results are needed to keep the business afloat; if they don't dig up something before CY15 is out they will sink badly. They're running out of goodwill from life support CR buyers if there is no evidence that they are able to deliver on their promised targets or timelines.

    Simply put, the directors need to coordinate to drill on time, receive the assay results on time, and report the results accurately and on time this quarter, unlike previously quarters. Keeping in mind that acceptable delays do not mean +1.5 months. Minimise the cash burn and communicate the drilling outcomes in a clear and timely fashion, without pivoting to new targets silently. Let holders know if prospectivity of an area is low or null, rather than sweeping it under the rug and saying how amazing the area is.

    To ask professionals to do their job professionally is not much to ask. This includes managing the future of the business, not just technical excellence.
    Last edited by mrschnookums: 02/10/15
 
watchlist Created with Sketch. Add MPJ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.