Yes it doesn't look positive with SBR. Very prospective ground but too much money sunk into area's which did not deliver (i.e. Guchab Highvalley)...this is what happens when you have one man effectively running the show and hell bent in deciding where the money goes.
I remember a previous discussion with Matt Painter, where he said he wanted to take a more regional approach to exploration with the circa $7mil (from memory) raised from investors after the share price hike. Unfortunately the 'board' took his approach far too late; only after ploughing most of the money towards Guchab Highvalley! Further concern was provided when the previous MD left after not towing the line. Not following what the head honcho ordered.
This is a case of a severe lack of Corporate Governance coupled with poor decision making at the highest level.
I just hope they can use what funds are left to drill toggenburg and excite the market with the results. But that is now contingent on the Ministry of Mines giving them the Exploration License.
GLTA
Sutto
SBR Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
