Possibly worth a trip to south Perth to see if there is actually anyone at the principal place of business doing anything? With gold at at 1860 USD (circa 2600 AUD) today, I am expecting a whole lot more urgency around commercializing this entity and its assets. Instead, the highlights of the quarterly are that they popped 5M$ into the CPJV - and - wait for it - they had their first CPJV MC meeting during the quarter and then an underwhelming attempt at exploration (Covid-19 covers a lot of excuses), a few pit shells run (also delayed) and some resampling with ALS.. After which these directionless directors slumped back into their recliners and continued their decade long slumber. What is needed is a board clean out and replenishment with skilled directors capable of driving and delivering results - including working productively with NST...and on other ventures. At the moment its a neat little takeover target for the cash trapped in idle hands.
TAM Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
