LIN 4.55% 11.5¢ lindian resources limited

So no more Masapelid project! I believe that this comes as no...

  1. 72 Posts.
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    So no more Masapelid project!

    I believe that this comes as no surprise to long term holders. The company dropped the ball a long time ago with this.

    What does surprise me is that we now no longer have an exploration project (currently) and yet still manage to burn $102k/quarter, or $8,500 PER WEEK of which $7,800 PER WEEK, is paid to various entities of the directors or associates of the directors! I wonder sometimes whether we would be better off working out of a flat in Vic Park as a better way of saving shareholders funds invested in Lindian.
 
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