This has all been said before unfortunately. The problem is management are absolutely hopeless and seem to be only in it for there own self interest IMO. Look now further than the last quarterly. Last 12 months $1.48mil spent on admin but only $1.10mil spend on exploration. What honest management team would spend more on admin than on exploration? The fact is the company hasnt the will or the resources to do anything but hope a jv partner comes along, and in this market climate I see that as unlikely. I still hold and will continue to hold as I see this as somewhat of a lottery ticket. Big gains to be made, but chances are very slim IMO. Would love to be proven wrong though.
MHL Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
