On a positive note, managements response to the ASX query is a good free advertisement for both stable mates SBR and MLS. Maybe we will get a bit more spin off from it before it fades.
We have this massive pile of cash and supposed 'quality' tenements purchased on behalf of GBR, by management from management. We paid top dollar to management for these tenements despite shareholders voting against it and management have not engaged in any serious on ground activities for years now.
We don't have any staff or a CEO which means we will continue to remain a lifestyle company for management as evidenced from our most recent quarterly cashflow statement which shows have enough cash for another 51 quarters. That's another 13 years of doing nothing, are we all prepared to wait that long?
CEO and staff's first duty is to shareholders whereas managements first duty is to their boss and not MLS. As I have said on numerous occasions, we need to spend our cash and appoint a quality CEO to get things moving.
On a positive note, managements response to the ASX query is a...
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