cash burn - wasted money

When you consider that well over $10mil was raised last year and the $2mil proceeds they received from sale of prospects to ABY it makes you wonder, where has all that cash gone? The Company has spent $7.1mil on exploration alone, and only delivered 1 million pounds to the asset base!! What a joke.

On top of that $2mil was spent on admin? Who was this all paid to?? Auditors, Directors, Legal advisers i'm sure, but this is a large sum of money for such a small Company.