The way in which this cash-at-bank was referred to during the...

The way in which this cash-at-bank was referred to during the webinar was somewhat amusing (/concerning). It was as if this $$ was not considered by the BoD to be shareholders funds but instead their petty cash box. Hay & Crabb were at pains to talk about how no ongoing operating costs would be taken out of the tranche payments received from GF, and that instead the company would use these “treasury” funds to operate. Well hello: these funds represent prior raisings from investors as well as sale of previous equity in Goulamina to GF, etc. It is very much shareholders funds, and should be returned at the maximum level to us, not stockpiled for another year to be eaten away by $1.15 million bonuses for Hay on top of his $700K+ salary, or to pad out the retirement benefits and exit dates of superfluous employees and our fee-seeking directors.