CLA 0.00% 1.1¢ celsius resources limited.

PG - I love your passion and everything, however right now the...

  1. 6,158 Posts.
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    PG - I love your passion and everything, however right now the issues are more than just* marketing on a corporate level in my opinion. In my opinion there still is a lot of work the Company needs to get done to obviously issue the Scoping Study and PFS. There is only so much marketing you can do with the size of resource but major companies instos, external parties need to know the important figures. Will Brendan shop these figures around now? I'm not so sure anymore, simply because there is a lot of work yet to be done - of course I could be wrong.

    I understand there are a lot of emotions around so prefer not too comment to much and respect a lot of posters here and their opinions/views.

    After reflection, obviously really not happy how everything has played out last couple of weeks - has been a complete farce and nothing short of a absolute debacle in my honest opinion. In my opinion it's been a severe bad look on management along with the consultants involved (no doubt who are on good coin)

    I'm not here to downramp or ridicule anyone in particular however these ASX Regulations should have been known, of course I could be wrong but in hindsight using the exploration west zone stuff from the exploration update (for open pittable) obviously was a big risk - moreso with the ASX Scrutiny around all companies these days.

    Truthfully speaking also the fact that they have swapped to Roasting method is not a short term positive in my opinion regarding Processing works - this will now no doubt take a while to nut out fully in my opinion.

    I just don't understand why management have been vocal in advertising the Scoping Study to be finalised in this quarter when they probably knew about the issues at hand and could have avoided it - referring to the obvious need to work on stuff still. The initial announcement of the delay few months ago should have been properly communicated and more importantly more time should have been allowed from the onset to avoid this whole episode

    In summary my reasoning to invest into this company over time was after each derisking event (drilling results, initial leaching testing, management additions, Credit organised etc).
    Truthfully speaking I feel there has been certain risks that been added that weren't apparent before this release.

    Disclaimer - Due to my investment reasons and also capital preservation I did sell a portion of my holdings.
    Whilst I think Opuwo Project is a goer and no doubt will be a winner, I would like to first see official SS numbers before I add more to my holdings again.
 
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