Ann: Company Strategy Update, page-6

This announcement is an indictment on the board and Philip. Pivoted the strategy away from growing a resource base at Mt Flora, concurrent with regional activities to a purely greenfields strategy that's delivered little more than a few rock chip samples. All the while, chewing through treasury reserves at a rate of knots attributed to managements need to employ a myriad of external consultants, this just reflects their lack of appropriate in house exploration expertise.

Hopefully a new asset ushers in a new management team.