re: Ann: Notice of Annual General Meeting/Pro......

re: Ann: Notice of Annual General Meeting/Pro... Parmasplat,

Sorry if I have taken the bat and reply to the comment made by you in response to a post from peetey.

By the way, this is not to be taken in any ways or form, that I've offered support to peetey's comments.

Now back to your comments.....

As to where we should start with the cost cutting, I think that they should start with the only one that we know about it. I.e. the Administration Costs.

I have brought up a few examples in the past posts whereby companies that are many multiples the size of us, and even up to 50 times our size while they are producing, selling ores and making profits, and where their expenditure in Administrations costs is miniscule in compare to ours.
I can stand correcting but, in one instance alone, it appears that one company is spending in one whole year, the equivalent of what we spend in one quarter or thereabout.

I think, and I am of the very strong belief, that here we have the rich people's ideas/mentality with the poor man's pockets.

As the old saying goes, one has to learn to crawl before he walks. Here instead, we have the one that does not only want to walk from the beginning of time, but wants to run as well.

There are two ways that I personally see the whole situation here:

Firstly, maybe a detailed list of how that money shown in the Administration expenses, would go a long way towards reassuring us as to where the money has been allocated.

And secondly, the Board should show an example and show some restraint in how these people, and themselves, are rewarded for their work. A cut in their emoluments until the sp will recover to an acceptable level, and/or when we will be starting to make some serious money, would go along way towards instilling some confidence to their long term suffering shareholders.

I know that this is only my own opinion and that I will raise the anger of many followers here but, I couldn't help noticing that, ever since we got into Cockatoo and introduced WEG which was supposed to organize all the funds we would ever need into the equation, the wheel started to fall off the cart and we ended up going from bad to worse.


Parmasplat, what should we do if we are to improve our position and survive.??

Are you honestly of the belief that by continuing to issue more and more shares, we will be able to get out of this mess.??

And finally Parmasplat, what is your suggestion here.??

After all, I have put mine for everyone to see, but I have as yet found anyone willing to put their own in black and white in these threads.

Some of us are real deep in this one, and some differing opinions would go a long way towards instilling some confidence.