Totally agree. There is a monster case of management paralysis. They have Primobius - tick, but can’t seem to get any concrete expansion going even with that. The Merc trial is a sham totally in Mercs favour. They must be laughing at us.
Apart from Primobius, what ideas, concepts, solid plans do we have? Stuffall as far as I can see.
Barrambie gold mining??? Opportunistic speculation made on the back of the gold price. Doubt if it will ever come to anything with Nmt.
But - it might be worth a JV with a current gold producer or flog it to an emerging gold miner like Hrz who are apparently looking for further assets. Assuming there is actually decent gold there. How they think we could afford to fund gold mining makes me question their competence.
Flogging it would fund the management lifestyle a bit longer - and that is the aim of a lot of small caps. Hope this isn’t one, but I’ve seen my investment going towards a remarkable salary, with zero return to me so far.
I’ll give it another 6 months, then dump at a loss if nothing substantial or realistic is proposed.
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