Nice conflation, but most of you are wide of the mark. Way wide.
Q1. Who is running the company - the board comprises three NEDs?
RB is 'general manager' (a demotion = hardly conducive for motivated performance?) - which we all know is him quietly stepping away (voluntarily or otherwise)
Q2. Why have they put all their eggs in one basket - again?
Frewena and surrounds may or may not turn up something economic (and sure, that is the nature of exploration), but now we wait for a potential; further drill program after the wet season and then after how many months more for results....
Kiss the 'OCs goodbye too?
Meanwhile the share price sinks deeper into the sewer.
Q3. Why wasn't JE or MC advanced, even modestly, simultaneously? Or even one of them?
Let's be frank, if they had kept on with Peru exploration, again, even modestly, or drilled a few more of the announced, planned program at Frewena, the kitty would be dry.
Dead dry.
Q4. A JV with a Big Boy.
Why would they do a deal now - there is no real hurry. Watch us bleed a bit more first? I would.
(hope I'm wrong here)
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