I agree, current BGS BOD is one of the worst in the whole...

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Kyiapyoutoo

751 Posts.

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01/10/18

06:18

Post #: 35940506
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Originally posted by Gyokuro ↑

I am a small holder of 500k shares. This is my first post here. I am a very patient person. But this is starting to wear thin.

My concern is we are burning too much capital. The company wants to continue drilling for gold starting again in Oktober. Why? Our main asset is the Lithium. Stop using precious capital for that! Gold in the 0,5g-2g per ton range won't gain us any market traction at all!

Why is Gillian Swaby still a director. From what I can compehend she was important in cleaning all the dirty mess after the old board left. I think getting her from the paylist saves us some nice coin going in the future.

Also why is it so difficult to update us on the progress regarding offtakes? Once some word would be out management could start buying shares in this venture to properly allign interests of them and us shareholders! They could easily multiply their investments. From 64 mAUD to 600 mAUD seems quite possible!

If I was in management I'd be working my ass off phoning to all those chineses lithium houses, thinking day and night how to make this beautiful project viable! I have the fear that our management isn't too eager and not hungry enough in that regard. Think Ken Brindsen from PLS... .

Plus I am also wondering why there isn't even a lowball buyout offer! I found the bread analogy of Howie not that bad. Add 20m for a baker and the offtaker would be set!

Just some random thoughts... .

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I agree, current BGS BOD is one of the worst in the whole Lithium sector. The reason why I sold 100% out last year in December.

BGS Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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