Ann: Kurundi Regional Geology and Targets, page-36

well in this case it is not just the SH sentiments.

the company canned the HPA initiative with no notice to SH. then sold Speewah. therefore unlike the other small caps they had cash, yet they spent over a year doing geophysical surveys. Again after the survey, there were more delays in drilling partly attributable to poor planning and bad weather. these ongoing delays have constantly eroded the SP.

then there is the decision to buy back up to 155 million shares followed by performance rights to the tune of 125 million shares.

why spend the money on the buyback when that money can be used for further exploration?

also if they are trying to buy at 0.008 then isn't there a conflict of interest in regards to SP? it is this conflict of interest that is making the SH question the constant delays.

can't blame the SH? The company needs to be more transparent about its short-term and long-term strategies.

DYOR