In the space of two years since all those announcements began to...

In the space of two years since all those announcements began to filter through the company share price has actually decreased 27% ($0.165 @ 27/06/2014 v $0.12 @ 29/06/2016).

Is there any wonder the natives are getting restless. There is a disconnect. Where is the problem and what has caused the SP to be at these depressed levels.

1. Dilution and selling pressure - In that same time the company has issued 198 million shares (50 million of which to HK institutional investors).

2. External perceptions and good governance - We’ve lost a Chairman and two NEDs that haven’t been replaced so we’ve got a micro board making decisions on capital raising, remuneration, further appointments to the board and financing. Governance questionable? I don’t see too many companies striving to be a $1B+ company with two NEDs and an MD and that would be noticed by financiers and new investors alike.

3. Risk management - There is no executive support for the project development. If Paul get’s hit by a bus tomorrow this entire thing falls over because is the Mr Burton show. He has the relationship with SMS and Woojin.

You’ve got this company trying to puff it’s chest telling the market it is a real player and we are a $1B+ company yet it continues to operate and make decisions (even worse is justifying those decisions) like the most junior of miners.