Holding costs for an EL in NSW and QLD are not that high Neil. EL7301 has been held for 11 years for example. What was the value of the QLD tenements at the time? Was there an independent valuation done for that transaction? Arms length/related parties and all that. Are you suggesting they bought a lemon? Those "non-producing cost accruing shareholder approved tenements" were actually worthless? No actually they were a liability!? How'd that happen?
What I'd prefer, seeing as you asked, if I was a shareholder is for a BoD to act in the interest of all shareholders.Just my opinion and others should research themselves.
CGB Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
