The communication from management & board is a bloody disgrace. They are totally un-accountable as they refuse to set targets as to the date of % nameplate improvement and the costs.
These are people who are supposedly qualified , who have been trusted by investors to deliver a project, and they have failed miserably.
In the March 14 quarterly report, they gave me the impression that production problems were being sorted, and I looked forward to the June report to see the improvement in concentrate production. What a disappointment---no improvement in production, and no ideas when they will sort out the double problems of crushing and concentrator.
To treat shareholders is this fashion is a disgrace.
We should be updated each month as a minimum as to how they are progressing in sorting out these problems. This is just good manners really---if you, for example, enticed people to invest in a business project of yours, and it hit problems, I am sure you would be mortified ,and keeping them in the picture.
Unless of course , you have given up on it.
GBG Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held