New Managing Director Tim has been a game changer for this...

New Managing Director Tim has been a game changer for this company and investors. He is confident , driven, enthusiast which is exactly the opposite of the whole previous management team. Tim has mentioned taking GMR possibly into production at the right time in the future and believes this company could potentially be a career maker for himself.

Definitely not forgotten how the previous management team decided to have a CR last year at 7.8 cents when the stock price was trading comfortably around 10 cent around that time. There was stock price weakness around that time before the CR which could possibly of been a leak which is all to common in small caps. Diluting investors at about the value of around one quarter of the market cap at the time with a very heavy discount from where it was trading around a month earlier than CR was unnecessary and a blatant disregard of investors and lack of respect.
It was pretty much all downhill from there until management team changes.

The proposed share purchase plan was then withdrawn soon after as in my opinion many investors were absolutely disgusted in the whole previous management team. The Burkina Faso deal fell though just to top it off as they could not not seem to get anything at all right. The only good to come of that yet another disappointment was that investors at least now had an idea that it was valued at around AUD $ 22 million which is higher than the current Market Cap and Burkina Assets are not even the main play here.

Further drilling assays pending with Gold continuing to remain over $3000 AUD oz near all time record highs, the tide could finally be turning here.