The very generous and patient board needs to get a bit of urgency into it...
The MD doesn't stick his finger in the air then select the location for drills...
He has qualified geo techs to make those decisions or recommendations..he goes to the board and a decision is made.....for locations to drill....
All very well paid ..may I add.
The clock starts to tick from July. One with $10 million dollars....by 30th of September 2013 the clock will star to count down the amount of $3million dollars down to zero and broke.
The board will send us all broke by december2013....going on past history..
Rediculous stuff going on at the moment..
..you buy two more prospects without a positive announcement of getting any cash in the door....
And you know full well you don't have the required money to progress these two new prospects .....this is called irresponsible ?
The current market will not stand for such incompetence....
Meo needs a slash and burn program to get back on track and be seen to manage their cash responsibly....
However...
One good announcement. Regarding 454p or timing for Blackwood drill will turn the company around....
Tomorrow would be nice....
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