The sad thing about all these expenses is that shareholders do not get a chance to validate where money has been spent.We are merely told this is how funds were spent.JR's private company Geotransformations also has has interests in all sorts of far flung countries around the globe.We are not told anything about detailed discussion participants, locations,detail and breakdown of exploration costs ,deadlines for JV agreements etc.What does does ' vigourously persuing'really mean and look how long the oil sample took to be tested.It is just endless spin and the ASX should enforce better reporting standards than this for all companies.
MHL Price at posting:
0.1¢ Sentiment: None Disclosure: Held