New management team??? The MD and chairman have been at the company for a decade.
You're completely right about the assets, I'm not disputing their value. Just the marketing and management.
It's an absolute travesty for the market to be valuing the assets at $12M given the current gold environment.
The 3 year strategic plan will require significant funding. Unfortunately there is no cash flow through toll milling or similar. Therefore dilution is on the cards. I personally would prefer there to be capital raising at 4-5c not 2c.
Or we can just double down on the mothballs at the mill and wait for the next gold cycle.
Ann: Cork Tree Well Drill Program Launched on 237kOz Resource, page-7
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