crash after crash

Sorry days for investors of this stock and hopefully not too many were introduced by the hype of people in forums that wanted to silence discussion on whether the Board and Management were worthy of your money.
One lunch with a person who knew well how the current board was formed, the history to that event and the quality of people making future decisions ruled out UNX as a potential play. Will be interesting to see whether the 21 support holds as if the reluctance to release results is just another 'Manyoni - we will send it off for real testing and hope the market forgets, stalling tactic - this stock will test that support.
Mentioned previously this board and management team have not reached a pass mark on any activity in the last 18mths. The 2nd round of drilling is the concern for Mkuju as it was woeful where poor decisons were obviously made by inexperienced people. The coal exercise was just poor planning and management once again proving to be a waste of money. The continued promise/s of sold assets which turn out to be for sale asstes with no interest.
From memory in reading previous announcements the Board stated they required additional options as they were running a light management strcture and were heavily involved in day to day running of the company as justification in allocation. So they are driving this team, make no mistake.
Mark Chalmers left for a reason followed by Matt,if they were working within a structure allowing them to benefit from the great opportunity that many here keep knocking on about, why did they leave?
The Board formed after IMX previously ran the company dry in an attempt to bring UNX back in house. They were blocked by a large shareholder who used his position to take a seat at the table. IMX with hands tied moved forward then attempted to reverse engineer their original strategy to benefit their shareholders as their stock was floundering. Unfortunately for investors the other side of the board is that inexperienced it is all just unfolding at UNX one crash after another.
GLTA - bottoms are in the market to test incompetent boards and management and that is all that is happening.