With the SP headed for single digits, and nothing coming out of the company except the 'sounds of silence', it's time to register a protest about this pathetic board.
Not only has the WA crew been a complete failure (unless you count confirming the old ground they've been scratching is a previously suspected, sterile) and to make matters worse Cannon has been a huge disappointment. Firstly much less gold was relieved from the open cut than originally speculated, but the failure to ensure that Cannon underground was a done deal is going to be catastrophic.
Now that the troubled WGX has departed the scene, can anyone nominate a gold plant within reasonable economic trucking distance that will readily take the UG ore if the development capital for the UG is ever raised .... I don't think so.
And does anybody seriously think the shoestring operation in SK being conducted by BMV is going to render a cash flow to save SAU's arse ..... I don't think so. So Simon and Greg, show me the money ! I don't want to hear any more fairy stories.
When my AGM papers arrive I will be voting against Resolution 1, 2, 3, 7, and 8. Failure to ratify previous share issues when the receipts have probably been spent is futile.
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