He's added nothing but "de-value", no value to speak of here because of all the expenditures that were undertaken of which Michael must have signed off on all of those capex and opex cheques. Now he's realised he's made a mistake when it's too late, woops.
I mean think about how ridiculous this is. They raise $4.5m this year for what we are told are infrastructure upgrades and further exploration activities (but let's not beat around the bush, it was to keep the lights on), then chew through all that money and now we have a market cap on paper of $5m!
This is unbelievable. Surely management can’t get up each morning, go to work and proudly hold their heads up high and still justify pulling in these top heavy salaries.
CGM Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
