Over half a million ozs of gold on two granted mining leases and the stock sitting near its lows during the biggest gold boom ever is very telling
Reading the quarterly management seem more focused on spruiking land they have next to other companies (MI6 Creasy) gold deposits than actually progressing the company's own gold deposit?
Seeing this Id assume lifestyle management on fat salaries who have no skin in the game and so dont care about company progress or share price performance and so just move onto something else but a check of the annual report shows no big salaries ($30k to $50k pa) and stranger still that 2 of the board are the 2 largest shareholders?
The Chairman John Prineas is the no 1 holder with 52M shares Director John Dawson is no 2 (or 3) with 42M shares
With such skin in the game its very strange then that they arent moving forward quicker with developing the deposit to try increase the value of the company and by extension their personal holding values but so far they are going at a snails pace
BMG Price at posting:
0.9¢ Sentiment: None Disclosure: Held
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