accountability, page-7

You've got a mining company board with no mining experience.

That in itself should ring massive alarm bells for all share holders. I have now bailed out of this stock as at last week, as a result of the last announcement and having considered the management who are out of their depth.

Currently, your money is doing nothing for you sitting in this stock, given that the company has been put into care taker mode by Directors who have zero experience in the mining industry.

When a new Board is put together, there needs to be a complimentary of skills that the Directors can offer the company and shareholders. There should also be some industry association as well.

One of the things we look for as shareholders and investors is the composition of the Board and their previous experience and skill sets.

We clearly don?t want people who have zero experience in the particular fields of which the company is actually associated with, i.e "MINING".

We certainly don?t want them just to be there because they have a large investment in the company, and that's what this is, they are investors, and that's all they are.

Clearly I think they need to bring something to the party rather than just money. As shareholders in SML, you would also want to make sure, that the Board has a very good blend of internal directors and also external directors which have broad based industry experience.

Placing this company into care taker mode is a haphazard approach, and proves that the Directors are out of their depth and incompetent with regards to mining, or managing a mining company on behalf of shareholders.