start a buy back already, page-6

They have $6-7M

You really think they are going to raise further funds at current levels - i.e under cash backing - absolute stupidity. May as well burn the cash

A buy back is what is required, not further dilution

For every 1 share they buy back the company is retaining almost 4c of cashing backing. Money for jam

Either that or spend $5M on a project and get some catalysts rolling. But sitting and mooching as they are is a joke, just like your suggestion of further capital raisings

Be very easy to boot management with a S249D here, register isn't that safe. A few of those subs may be keen for 9c capital return, they've been buying bucketloads at 5-6c. Easy money, and they have the % power to call the vote. Time for management to scrub up and do something