I sent this today..
I am writing to express my concerns as a shareholder who has been invested in your company since 2007. In my observation, the past year could be the most challenging period I have witnessed. During this time, I have observed a continual dilution of us retail shareholders. The query that naturally arises is – what tangible achievements have the company made during this period?
The company professes to possess a quality gold resource, yet it seems the primary activity has been mining the pockets of the loyal shareholders who have supported this company for many years. The ongoing issuance of placements and shares, notably to yourselves, is, in my view, deeply disconcerting and raises serious questions about corporate governance and fiduciary duty.
The Mt Thirsty project, which, based on available information and developments, appears to be encountering significant challenges. Could you provide me with any pertinent details, updates, or insights regarding the current status, progress, and future prospects of this project?
Given the seemingly prevalent challenges and the potential implications for shareholders, a comprehensive understanding of the situation is paramount. I am particularly interested in any corrective measures or strategic initiatives being undertaken to address the existing issues and ensure the project’s viability and success.
I seek your explicit assurance that the interests of the shareholders are being duly prioritized. Could you elucidate on the concrete steps and strategic initiatives the company is undertaking to enhance shareholder value? I am interested in receiving a substantive response that goes beyond generic statements and provides a candid assessment of the current state of affairs and the outlook for the future.
I trust you understand the gravity of these concerns and anticipate a thorough and transparent response to my inquiries.
Sincerely,
A Pisst Off Shareholder.
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