...this management team is driving this down by wasting limited cash resources....only another 6% today...
....just look at the recent spent on TSX opening bell travesty... they could have used that money to buy back 2 million shares....but hey, it is a drop in the ocean of that $22M/year being wasted on 'office costs'...
....but ask the management team to send you guys pictures of how they are enjoying your life savings on their $10M/ year salaries.... probably the most overpaid management team of an exploration company in the history of ASX/TSX or any exchange....$22M/year to project manage project managers, that are project managing outsourced exploration....
...just wonder what is the next 'carrot' they are going to throw to the 'donkeys' now that the massive cesium find/ Volkswagen announcements were duds... only thing that would work is a share buy-back in this market....that is assuming there is still unallocated cash left.... but flying everyone to Toronto for the weekend to ring an opening bell celebrating 12 month anniversary and 70% share price collapse...all bills paid by shareholders...when some shareholders has lost 90% of the investment, is a sad reality of what is really going on here...
...and why shorter love this management team....and keep on following them with all of their ventures...
...based on the current trajectory: see you guys at $0.15 cent soon or probably $0.10...or CA$1.5/share pretty soon...just another 30% to go... then they would have managed to destroyed the share- price by 95% in less than 2 years.... now that is an achievement....definitely time for more bonuses!!!!
...still my two cents....
PMT Price at posting:
26.3¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)