Mine Develooment Director Required?, page-8

Thank you @boy1 and other contributors to this thread topic.

It is refreshing to see "the company" being discussed, rather than posts that attempt to influence the Share Price (most subtly) according to the traders amongst us.

I agree that an addition of this nature would be of value whether the Board moves to production, which must be planned, or moves towards sale of the lithium project.

I would suggest only one more additional Board member to take the position you highlight. I have recently seen where a board became dysfunctional due to its size (Board) relative to company size. The company I speak of also had it's experience ALL directed towards 'finance/contacts/general company business' which ultimately lead to it's failure to sell the real story and collapse.  All great honest people personally, but collectively they were at an imbalance allowing the company to move forward at pace, which meant high costs (wasted). (simplified to illustrate)

On sale of the lithium project we would most likely see a TO price substantially higher than our MC right now. The price has to be right. There as we are finding out, remains huge upside to the license area.

What would happen to the incoming sale money on a TO?
- Partial Return to shareholders?
- Fund Gold further (exploration & development)?
- Keep it all in cash?

Any additions to the Board, needs annual reassessment in order to maintain the correct balance as appropriate to the 'current' focus.
While we, as shareholders maintain the 'voice' and overall control on this, it really should also come as part of the maturity of those on the Board personally, if their real motivation is 'what's best' for the company and it's shareholders...something for which, the period they are on the Board, is what they are being paid for, and not a subject for purely maintaining their fees.

It should never come down to getting voted off the Board, but internally as to what's best for the company given the information THEY will have at hand as to future direction and whether each individual can contribute to the right levels for that direction.

I know...true but hopeful


Don't be distracted by some, whom no doubt would like to be buying back in on Monday given the RG developments and would like to see some indecisiveness so they can do this.
This looks, not so far, past this.

And there's nothing to say they aren't talking to people on this very subject already and could be the subject of another positive announcement which we could expect in the short term.

It would also signal to potential buyers....it the price isn't right, we will develop the thing ourselves.


Thanks for a great post again.