Big chance I will get back in later on down the track. Worried about cash. Timeline seems to show it won't be until Dec for everything to be given a go, or no go. I think our cash will run ot July/Aug. Think a cap raise/placement will be sub 2cents and the SP will follow suit.
Native Title Agreement negotiations with the Native Title Holders and their advisers (the Central Land Council) continue. An ‘on country’ meeting with Traditional Owners is scheduled in mid May 2018 where it is hoped the terms of the Native Title Agreement can be finalised and agreed.
Beyond mid May now.WTF happened? Did the meeting even take place? EIS delayed.
Seems like the company is dragging a ball and chain. Employee options and director options, both designed to get the best from the workforce, have amounted to FA. Who would the employees be anyway? A receptionist and a couple of onsite security guards? 40 hours worked onsite last quarter, so no employees there. Just who were the employee options issued to? Wives, girlfriends, family of directors?
All in all, too many question marks.
VRM Price at posting:
2.4¢ Sentiment: Sell Disclosure: Held
