Indeed, the use of the words “near future” is a cheap common thought bubble by lazy ordinary people and keeps the wolves at bay whilst they concoct another story line to capture some more of the R&D monies and others to pay, wait for it, administration fees on the guise of being exploration fees – then more R&D until this tap is finally switched off.
Remember one of my favourite from the past “near future” pearlers, probably not as it were over 5 years ago, but here it is FYI:
March 2010 “The Company plans to fast track the development of a mine with production expected early in 2011”, MD Mr Robertson.
Bingo, since then they have issued 101 3B’s for 1.5 billion shares to receive over the top industry salaries and directors fees.
Shares are used like hundred and thousands, sprinkled far and wide. 3B was their game and now it is R&D. One more R&D rebate to claim and disperse, $ Kaching! Money in, money out - faster than Wild Bill.
Those diluting 3B issues and now R&D claims have never been in the shareholders’ interests only themselves. Minimal fieldwork expenditure has been completed for as long we shareholders can remember, only excessive administration costs.
Time is up; don’t be fooled by some posters. The knights have long gone!
Management and board have been in self-preservation mode since that No 1 voted pearler from the past quote in March 2010 and have not participated in any capital raisings. No boom, no easy money and jobs anymore for them! IMO, only deregistration to come etc etc.
Keeping shareholders informed and balancing the view. DYOR, please.
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