In the quarterly released to the market on 4th Feb 2014, the announcement stated: "very good work was done the quarter in adverse markets".
As we have no money to drill, the good work was not done by the drill biit, with the company also stating that lack of $$$$ had prevented any further drilling taking place.
So where are the results of this "good work", why are we not turning our land into swisse cheese with our new found funds / loans?
Maybe myself and the market perceive 'good work" differently to the management at GXN.
I would prefer that a spade is called a spade and the doors are shut on GXN rather than to just float around doing nothing and allowing people to draw a salary for what????
My question is what has GXN management done to increase the value of the company and to look after shareholders?
Hands up any shareholders who have made money out of GXN????
One thing I do like GXN is that reminds me to be humble and to ensure that I research the heck out of a company before investing in it.
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