TSXV:AAA.P - Post by User
Comment by
sdomaeon Mar 14, 2014 10:11am
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Post# 22322769
RE:RE:RE:RE:Justin
RE:RE:RE:RE:JustinBut Justin the problem with them being chronically late on everything is that the SP falls and we end up with a low balled equity financing like the one we got from ICL.
And maybe a reason we fall in SP is because investors get tired of all the hype that doesn't pan out in a timely fashion. Delays lead to disappointment and a lack of faith in management. It amazes me , for example, that management quoted the Ethiopian government when coming up with their timeline for the mining license. They had been in country long enough to know that you do not take the Ethiopian government at their word. The same would apply in Canada. Yet they tried to sell that schedule to investors knowing it was wrong and impossible. But it fit nicely with their spin campaign. The result is an exodus from the stock and a lower SP. We are also the victim of a shark attack by the likes of ICL.