You gotta drill to get anything lol !! Anyone who thinks that one hole is sufficient has got rocks in their head.
Allchurch could have started the year positively and set out a comprehensive program for both tenements together with costing so we can see that cash burn is not just going into his wage. What does he do ? Just confirms he's not competent to run the company.
Honestly, mobilizing a drill rig to do one hole is a serious waste of company funds. Maybe they will do the Tolarnos although I would have thought he'd mention this if it was on.
Write to the Board, complain that they are wasting money. Put the pressure on. Allchurch MUST DO SOMETHING OR GO.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8
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