For all their efforts, how much value has management added to our share price? Shares now trading at cash value which implies the market places no value on all of our projects, including our 80% stake in Paynes Gully Gold. See purchase details of Payne's gully from the following article in Mining News below:
(PS: After shareholders voted the deal down, the price was subsequently discounted by issuing about 40m less shares, which was about equal to the fee we were charged just to look at the deal. There was also over 1m cash paid out by MLS.)
MLS Price at posting:
2.6¢ Sentiment: None Disclosure: Held
