BSR 0.00% 1.3¢ bassari resources limited

Ann: Appointment of Director - Mr Jonathan Warner, page-4

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  1. 381 Posts.
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    re: Ann: Appointment of Director - Mr Jonatha... Yeah spot on pelican.

    Seems strange to be extending a top heavy board that has made a meal of things IMHO (SP seems to be also saying this too). One would start to think the cash burn doesnt relate to drilling but managements salaries.

    Also seems strange that they made a point of detailing it in the announcement regarding his specific skill set. Probably didnt need to highlight it in such a specific way and may be subtle indicator to the market?

    I think management are ready to pass the baton. I might be totally off the mark but i guess with the complete lack of activity punters like us can only speculate. Fair to say i wouldnt be stumping up any more cash on a cap raise. Once bitten twice shy. Dont care about potential bargains this share has been disaster while many other juniors have flourished in these prosperous times. If management cant work in that kind of environment then when could they?
 
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