I think I am about the last one in the world to be negative on SI6, but I sometimes wonder how highly remunerated and respected executives can make so many simple errors, omissions, and repetitive statements that can cause one to question whether any real work on advancing the company and it's prospects is actually done at all.
"Quarterly Report - 31 March 2018" ...........
"The Board of Six Sigma Metals ('SI6' or 'the Company') is pleased to outline the below activities for the quarter ended 31 December 2018 (Quarter). Really??? Have we got a time machine? ....if so maybe it can be our new direction and we can market it.
Seriously though, the actual content of the first part of the report is okay. However, the second half of the Quarterly Report - 31 Dec 2017 released in January is identical to the second half of the one released today. No phone calls to the liquidator, no tidbits on the progress etc. No.
I am a staunch BML/SI6 and the BOD supporter, but please, lets see some concrete, real
movement for each three three monthly period. There was so much angst shown against P Volpe, but in truth, what has really improved or changed since the new directors came on board?
Both the report released January and that of today state: "Future. The company continues to assess new ventures which we believe would be value accretive".
May be time to get on with it then before (1) we run through all the cash, or (2) we all die of old age.
On that note I see the budgeted expenditure on exploration next quarter is still only 30,000, same as was the figure for the previous qr., (though the actual expense on "exploration and evaluation" was 63,000, which still seems low if anything is being done). Admin and corporate costs is 151,000, by comparison. The figures for directors' payments of one kind or another seemed reasonable, but dwarfs that budgeted for exploration.
Perplexing. So much potential but someone needs get things moving.
Have a nice evening.
SI6 Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
