Very witty, rockofgib - thumbs up. The problem is, however, that we're laughing at ourselves. What fools are we if we continue to allow management to not spend enough to make a big discovery but to still keep paying salaries and admin. costs unabated?
Helix management urgently needs to:
- Distil the vision, which should be around creating value for shareholders (a.k.a. the owners) - e.g. by making a big discovery and finding a viable mine(s) from our suite of high-potential assets. That's what exploration is about; it's not a science project;
- Tell the story properly, to the right audiences, to create new interest (and thus more buyers, and less sellers) so that our share price improves;
- Raise enough capital to properly explore, not just enough to get by and pay salaries fora bit longer. Joint venture if necessary but get on with the damn job!
- Take credible, committed action. How embarrassing that we are making ongoing jokes about what isn't happening. With our money?! That can't go on. Let's look carefully at the quarterly cashflow report for September(due by 31 October) to see if executive salaries are put on hold too, like the field work...
We cannot keep bleeding tens of thousands of $ /quarter, for insufficient exploration (or no field work at all). That's not why I bought into this acreage position. Other companies are making real headway, with some fabulous recent discoveries that have given shareholders "baggers". That could be us ...We need material change as to how Helix is run, and soon, so that shareholders have a chance to get from this company the share price upside for which they invested.
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