Ann: Annual Report 2018, page-17

Nice throwaway line due, with little substance and a lot of false hope.

The truth being BMT is run by a very lazy part time board that unfortunately take pride in spruiking the dollars in bank to distract would-be investors from the pathetic and miserable amount of work they have done on site over a substantial amount of time.

Best thing to date is the interest on the term deposit and this is probably not keeping up with inflation, as such will certainly end in a negative EV value to funds held.

It’s a crying shame the lazy BOD has not spent investors’ money on developing the site to the extent as promised, its been a slow train to nowhere.

BMT is clearly the BOD's fall-back position if their main undertakings and primary board positions on other companies fail. See my early post.

https://hotcopper.com.au/threads/an...4387067/page-16?post_id=35371652#.W64ISC9L2u4

Why haven't the BOD developed a decent drilling / exploration program and spent the money intrusted to them in a manner to underpin or at least increase the value of the resource, money spent to date this year less then salaries??? Or very close.

Two more months and it will be an update saying that the ice has set in again (or its a bit cold right now), we will get back into next March....maybe.

Give this bunch of lazy buggers a wide berth people, they are sitting on their ass waiting for a TO that will not be good for SH, as per the "insiders" advise.

M