Some posters here show their inexperience with small mineral exploration companies (and if you don't understand something you shouldn't be invested in it).
Only one drill hole in a thousand comes up trumps! It's not the managers fault that a perfectly good target yields a dud when drilled. That's the high risk nature of the game. Move on and drill the next 1000/1 shot.
Similarly with Maronan, you just have to wait until a JV partner arrives. Everyone in the industry knows about this small and deep orebody (and a few score similar orebodies in Australia) and everyone - including prudent investors - knows it could take years.
Admin / management costs on this company are very low. Management has an excellent reputation within the industry and are very well respected. This is no dodgy West Perth explorer run by lawyers.
If you don't understand the high risk and slow moving nature of tiny mineral exploration companies then you shouldn't buy into them in the first place!
Don't catch a fish then complain that's it wet.
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