Hi BriangowI suggested a number of options including a farm out...

First 20 Last

Share
Profile

Follow
SandyC

831 Posts.

1245

21/06/19

21:47

Post #: 39183367
Share

Originally posted by briangow: ↑

I rang a couple of weeks ago and Guy Le Page (to his credit) did ring me back and run through a few things with me.

Explained to him that I have over 6M shares and told him that I was very frustrated with the SP and overall lack of news and he said he understood.

He then mentioned that they hadn't found anything significant in the last assay results and the focus was around cash preservation and trying to determine their best options moving forward. A JV farmout would be the best outcome and in the best interest of shareholders and that is probably what they'd they try and work towards.

Also sad that when things do start to happen that it wouldn't take much for the SP to get up to 0.003 to 0.007 and then steady upwards to the magical 1c mark.

The fact that he rang me back and took the time to go through their current situation and future plans gave me a certain degree of comfort.

I'm happy to continue holding and will see what the future holds. I'm not selling now and would prefer to lose the lot rather than cash out at this level.

GLTALTH!

Expand

Hi Briangow

I suggested a number of options including a farm out back in February - 4 months ago. The BoD are paid to think and perform and imo have had plenty of time to do something. Instead they spent lots of money and time going after a gold play they could never afford. killed the sp and we will probably never recover from it. I really hope I am wrong but unfortunately based on performance so far I don't believe I am.

MRD Price at posting: 0.1¢ Sentiment: Sell Disclosure: Held
5 Upvote

0 Great analysis

Reply