GMD 0.70% $2.17 genesis minerals limited

Ann: Voluntary Suspension, page-23

  1. 741 Posts.
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    https://hotcopper.com.au/data/attachments/2238/2238943-a71307a2d101a0d9acc79a380a8e5b5d.jpg

    Why put plans and milestones in presentations if not followed? Or why not update your shareholders of they change?

    How is there are mineral resource update at Uylesses when there has been no drilling?... How will Barimaia have a target of resource when there is no drilling?

    Web pages says it IPO in 2007 with same CEO with 23 million shares and 529 shareholders.. Currenly 1.329 Billion shares on offer. 70% of company may be owned by top 100 but it is not a private company....
    Yes frustrated but regardless I think maybe it is time to pass the torch to new management team. Progressing has been very very slowly in period of record gold prices.

    There has been some success, the initial drilling and resource upgrades at Uylesses were fantastic and funding drilling from starter pit was great but maybe the company needs a mining engineer at the helm? 13 years of exploration, it may be time to move in another directions. Just feel it is either stale or on the cusp of something as 6 months in the wilderness with little to no news of progess other than a deal with KIN and no follow up on exploration.

    Saving money to execute mining? Delays in decisions in my experience rarely good... between the lines is there not enough ounces? Too much capital to UG at that grade?

    Hopeully Monday brings a pleasant surprise.

    Applogies all but the years of missed deadlines have worn down my optimism... hopefully you have a better experience and mine gets better.

    Promise this is my last grumpy post.

    GLTAH
 
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