That is the sensible (read: only) way forward for them. A cap raising now will be disasterous, given their track record to date.
Their track record w.r.t. exploration is abysmal. Totally abysmal, and unacceptable for a junior explorer. I do hope that shareholders give an overwhelming “against” vote to directors further enriching themselves WITHOUT delivering on anything.
I think it is time to start a retail SH interest group, we should have strength in numbers to pressurize management.
Not to Gauci and co. If you are reading this, you need to up your game. And that is an understatement.
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