RE: wake up and stop blaming managementAs far as I'm concerned the only mistake that Ken made was not cashing up when the stock price went up to $2.75 in early 2008. He let the price drift down so that Mitsui could get onside for cheap. Then the second half of 2008 occurred.
If he had secured the funds on the SP surge we would have had less dilution and could have probably purchased some of our equipment and services for cheaper. I am of course assuming that he could have gotten the funds but the world was throwing money at resource stocks, and coal stocks in particular.
Having to reduce the projected production for the remainder of 2011 was not a mistake. The engineers wouldn't agree to a larger number, and this was the best information available when the planned financing was being contemplated.
Of course it's up to management to perform. Nothing said here will have anything to do with that.