What a lackluster announcement. Glen wills placed on"care and maintenance" seems like code for "we don't know what we're doing".
And as for this so called review, if the directors had the mining experience they should have, they should be the ones digesting the thousands of hours of work the previous staff put into the EL's, and making decisions based on that.
Instead now all they do is waste more money on unecessary work whilst the extremely prospective Glen Wills project gets delayed indefintely. And all while gold is at a record high!!! This sounds highly incompetant to me.
And to make matters worse a little bird at the Blue Duck tells me that the board have let the Merrimac $50k grant lapse so no drilling there either.
Excuse my French but what the $&@#is going on here???
SML Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
