RE your comment: "So, imo remove 2 DIRS and get on with drilling and building a cash balance so this company can grow. We are stranded by being cash poor. We need to be drilling and producing, not feeding a large board."
From last reports 'drilling and starting building cash' is in progress.
Not against the director changes idea. The methodology needs to be looked at. Irrespective I am not sure that removing two directors will make such a difference in the overall scheme of things. Remember they were part of the original seed money to get the company going and are now significant shareholders. Now we have transitioned from gold explorers to serious gold producers; perhaps with SB encouragement, they may need to step down soon to make way for more gold experienced persons. SB has shown he is prepared to make board changes when needed so you may have support there.
I have three issues myself which I have voiced and want to see addressed.
1. A competent PR company put in place on a monthly retainer
Reason: SVG needs better visibility which will increase SP
2. A target timeline for the first dividend based on projected strategies.
Reason: This will make SVG shares more attractive and commit management to a defined, tighter, focussed and more accountable timetable
3. A monthly share buy back, from the open market to be put in place funded by, say 10% of production profits.
Reason: IMO this works even better than a dividend. It is also a good show of rewarding the commitment of the long-term shareholders. This will reduce the number of shares generated for the establishment of the processing plant and increase the value of our shares and also the share price.
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Mkt cap ! $3.654M |
Open | High | Low | Value | Volume |
1.6¢ | 1.8¢ | 1.2¢ | $7.673K | 503.9K |
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No. | Vol. | Price($) |
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2 | 125999 | 1.3¢ |
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Price($) | Vol. | No. |
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1.5¢ | 27280 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 125999 | 0.013 |
2 | 400000 | 0.012 |
3 | 900000 | 0.011 |
3 | 873372 | 0.010 |
2 | 350000 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 27280 | 1 |
0.016 | 38077 | 1 |
0.019 | 45001 | 1 |
0.027 | 18000 | 1 |
0.029 | 3500 | 1 |
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