I've tried to keep a balanced outlook for this company, but no...

I've tried to keep a balanced outlook for this company, but no longer. I had hope, lots of it - but that's for suckers. Investment should be done on facts and proven performance, not on suppositions and fantasy.

I sincerely fkucing hope that JP is reading this and has a good measure of our collective frustation.

One point that really stood out for me from @CheyneD post above was the salaries awarded - he has hit the nail on the head - the directors are being remunerated incredibly well for a spec stock - and look at where it is.
From their annual report:

...and from page 39 (below)


Just to give an example (I own stock in this company), VR8, a prospective Vanadium producer in South Africa, has come out with its DFS at AUD 1.9 billion. Their directors/board are text book examples of how a company could be run with low cash burn and share holders interests in mind. Granted, the share price is not what it should be that's because they are commodity driven and Vanadium (along with Copper) took a hit sinking to 2 yearly lows. V is on the rise now as is their share price.
The pertinent point though is the BoD fee/salary structure. Annual salaries range from 36k to 60k, with the CEO raking in a stellar 118k (see below)



Coupled with extremely loose timelines and milestone continuously slipping.. yeah.. I don't know how to vent any more of my frustration.
Guess I'll go have stiff scotch and watch my investment fizzle away to nothing while JP and JS get their 400k+ salaries per year.

It's not the best time to get out as well and any attempt to do so would be based on emotion rather than logic.