What you say about MD may be true, I don’t know...
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i.e. he borrowed millions of dollars without an exit strategy for repatriation. Another good example of his impulsive nature is the fact that he spent 60 million dollars of other peoples money on floatation equipment that is not compatible with the high sulfuroxide content ore.
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But consider another factor that may be responsible for a boatload of our problems today.
I recall several months ago a key mill engineer (sorry, forgot his name and he may be related to Mark) was fired by Mark. The reason I believe was his inability to process both types of ore. Maybe the engineer was also responsible for the faulty design of the mill. Was Mark “impulsive” to fire him? Who knows, but I give Mark credit for making the decision. If the new engineer works out, give Mark credit especially if Mark's style holds the pieces together.
Related to this, June 09 I toured the mill with Dave J. At the floatation cells Dave pointed out all the IV style drip bags above the cells. He indicated they were busy seeking to determine the chemical formulations to maximize concentrate. It took me months to connect the dots, Dave, unknowingly was showing me the heart of why I think we are on the razors edge today.
IMO, Mark the Bull Dog + new engineer + new floatation cells + some working capital + a little more patience, all times LTF squared = some very happy shareholders. Looking forward to a PR this week, or next week.
And P.S. Thank you Charles for your Shareholders Notice, keep it up.
