RE:seeking Alpha info I can't believe I'm saying this but spacedoc actually made a "valuable" post. Yeah, I know, that doesn't seem
possible but he did - accidentally of course (LOL).
In this latest Seeking Alpha commentary, the author quotes (I assume accurately) from a Bisha technical
report. As a "proven" knowledgeable poster here, cashtango just noted, Bisha went from the favorite son to
orphan in just a few months. On the "surface", it made for some serious concerns about previous key management (who are still questionable after this assessment I'm about to make but now I at least feel
better about what has actually taken place).
The new CEO, a far more seasoned veteran than Cliff Davis (accounting background and not a miner (at least
for ore-lol), realized Bisha was not the "end-all" after seeing for himself and even though the news caused harm for the short to medium term, he may have just saved us after all as Bisha is not what previous key mgmt claimed
(either ethically or otherwise). We can argue until the cows come home if we were purposely misled, but I
think our new CEO has made a wise decision (if this letter commentary is accurate).
It's going to take time to prove his decision was a correct one, and it can't begin to do so before the PEA in October. That's why the stock remains a dog despite copper, zinc and gold flying for weeks now.
So yes, I think cashtango assessment is correct that our previous leaders &^%$# up on Eritrea, and that, plus the dividend shock and mining issues, set us back greatly (and there's no quick fix or expected a major rally back
anytime soon). But, at least I now feel better about what actually happened at Bisha and appreciate our CEO's decision.
And for spacenut, the blind squirrel award for his ppost.