Hi Guys and Girls,
I'm looking at 2.6 moz @ 1gt au, 17 million in the bank and a $75 million market cap, exploration up side, ridiculous.
The directors that I deal with that get real shareholder return get projects up and running.
From experience those guys still wear suit but have an untidy look about them and tend to act in a unreasonable & sometimes belligerent way for no reason.
Our LCL directors look way to shinny and self congratulating. They didn't make the resource, just fluked the location.
Anyone can raise $20 million on the back of a 300m + 3gt au + result.
Telling the market you might drill for a few years then flog the project wont realise real value for shareholders, indicates comfort & a lack of motivation.
All that will happen is the project will get sold for a fraction of value with directors paying themselves massive performance bonuses.
Its time for self congratulations to stop and the work to start.
I implore all shareholder to vote down the next remuneration package for the first strike and send a message.
Its time directors got their roller skates on and drive the market cap valuation with development progress and momentum towards a business with billions in profit.
71c4
How do you like me now
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