Talentlous you hit the nail on the head there mate. Sand queen was going to be the next kanowna bell and Meekatharra is going to be the new golden mile in David's eyes. DR is dreaming!
Ikon gold was the first one to wake up to the reed resources fiasco of providing all their hangers on with cushy positions. Their wages bill for the office staff and directors will be approaching approx $5 mill per year. It's costs like that that will eat into any future profits from any of the projects if they ever get into production. It looks like others are starting to wake up to the gravy train at the expense of shareholders. I best not to say anymore as I may get a call from one of the big gun lawyers in town at shareholder expense and be terminated from posting on hotcopper.
Hotcopper is bigger to Reed's than any bad decision they have made or will make it seems. Going by the AGM report it looks increasingly like Mount Marion will be placed on the shelf like Barrambie and Mount Finnerty. Good luck to all the holders willing to continue to back the Reed's.
NMT Price at posting:
35.9¢ Sentiment: None Disclosure: Not Held
