can't agree more ALTa company only starts admitting really...

can't agree more ALT

a company only starts admitting really embarrassing problems when those responsible have been promoted to an internal office with a desk facing that internal wall and have lost managerial control and the ability to interfere and suppress,no matter what title they may still have or position they still supposedly hold,most likely temporarily.

Note the last fundraising was only supported by major institutional shareholders if a number of things happened IN ORDER,including getting ATLAS COPCO claim set aside and that tenement sale.

Face it it looks like new blood started coming in 9 months or more ago and a cleanout continues by the look of it.

NEW PERSONNELL who know how to maximise
yields,mine plans,maintenance,money,manage financial institutions investments/borrow cash sensibly.

I doubt it's the old board calling the shots,its new blood and no doubt,under direction of large external shareholders seeking to stop their investment going down the plug hole and look to me to have provided the resources/targetted staff for an internal restructure.

Of course,the other option for these shareholders would have been to let it roll and pick the whole lot up later from liquidators for a song,float a new company at a profit etc and book tax losses now.

But that involves starting from scratch again.

I'm picking they have made the most sensible of decisions,knowing a lot more than me,with atleast some form of reporting? from one of the troubleshooters,that have no doubt been targetted for the jobs they now hold as DOERS, at their? suggestion,that seem to have arrived on the premises over the last year.
If you knew those people you placed,then it would be as simple as,is this fixable,or terminal.I figure the word fixable as otherwise they wouldn't have divvied up a cent more.

BUT i got to buy shares at HALF OF WHAT THEY WERE WILLING TO PAY only a couple of months ago and the gold price in Aussie dollars has risen $60 since then.

Is this bargain buying?

like watching NST,FML,when no-one could see the forest for the trees.FML-mmmm watch that mill grade double,it's only a matter of time.Caching Caching
Apologies for going off topic there.

DYOR
-what some see as risky,or suicidal,others see as a sure bet,or no risk at all.It all comes down to perspective.
Are they right,are you wrong.

Buffet

No-one sees more than a blind man who has awareness of what surrounds him.
Take a moment,close your eyes and see what surrounds you.
Are you not truly surprised and momentarilly jealous of such perception.
It is yours but for the taking,
If only you would stop seeing with your eyes for but a moment to let your brain and your other senses do their job.
Nature always provides a spare,whether it be seeds to germinate,or your other kidney.
The loss of any one doesn't diminish the other.
But why not use both?

A.J. White