nothing ever happens

BAU Management and Directors seem to be the only ones that are reaping any benefit here.

The last cashflow report had the following estimated cash outflows forecast for the three months to 31/12/2012 :

- $717,000 (exploration, evaluation and development)
- NIL (production)
- $1,046,000 (administration)


That doesn't seem to indicate much planned activity.
Perhaps they are happy to let things drift along. Eight directors (plus three alternate directors) to run BAU - much larger companies have a much leaner list of directors. The lack of progress on anything is laughable and I believe that is why the SP is also asleep.

I believe that they are just keeping things ticking along hoping that someone will make a takeover offer. While we have major (chinese or otherwise) shareholdings that isn't going to happen. The major shareholders may be just trying to tie things up (the resource) for the long term. I am a long suffering shareholder and at present only see opportunity passing by.

Disappointed - Yes
Annoyed - Yes
a lot of other things - Yes

Jusy my thoughts and ramblings - DYOR - don't rely on me for investment advice.