Disagree completely. Particularly because previous management was the one that negotiated original J/V with Barrick. Only now, have terms been amended.
Fixed cost base of the company was very low and was maintained so as to concentrate on supporting a drilling programme. Only problem was that the drilling program was not targeted enough and sought only to test the periphery not concentrate on areas of most interest.
Classic case of junior explorer geologists taking a punt rather than concentrating on one particular area! That's my two sense.
I too have lost a heap on this stock but do believe that both previous and now the new management have and will continue to explore growth avenues and hopefully deliver.
CRJ Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
