MLS 0.00% 2.4¢ metals australia ltd

Ann: High-Grade JORC Exploration Target at Lac Rainy Graphite, page-118

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  1. 5,286 Posts.
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    What is it that people don't underestand? Gold price bein $1mil/Oz even right now has NOTHING to do with it. It is about two things;

    (1) What do we have now? because 2 or 3 years is only good for Gino syphoning out value out of our pockets - never mind astronomical dilution by then, and

    (2) what the management is capable of. This management has not shown real willingness they work to increase value for SH, as we can see by Lac Rainy and how they have mis-handled it in such a way that it casts serious doubt in someone's mind as to whether the thing is for real.

    What makes you think if we let them get away with milking us dry over Lac Rainy forever, they will have any desire to find gold ... in a tenant with a questionable history?

    They have a tenement in Australia if they really wanted to, they would have explored it .... which I am sure they will announce it soon ... just for the sake of generating a back up source for perpetual CR and feeding their salaries.
 
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