APG 0.00% 0.2¢ austpac resources nl

Positive Announcement very Soon, page-13

  1. 2,135 Posts.
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    Just out of curiosity, can anybody answer me the following questions as info from Austpac is never clear or accurate

    - When will be complete Stage 1 of the test work programme?
    - How will this be funded? (as it looks like we've pissed the $600k we received from Bergen and Sophs in January down the drain)
    - What happened to our patent application lodged in November 2016?

    There is now 2Billion shares on issue,no money in the bank, a share price that can't go any lower, no proof of concept and a very real possibility of not being able to raise any funds. And the thing that shíts me the most is the exorbitant amounts we pay in "administration" (aka salaries)

    Mike Turbott MUST be replaced. He is incapable of leading us anywhere. He is a liability on all of us. If any other job if you performed as dreadfully as him, you would be shown the door. Colin is doing his best trying to sell our technology to his contacts, the interest is there!! but people want to see it working first. This is where Turbott is letting us down. He's completely inept with project management, procuring and securing. He's had millions and millions and millions of dollars. And still can't get the plant going. We need someone fresh, with more drive, somebody a bit more switched on. I really hope shareholders club together at the AGM and let these feelings be known. Enough is enough
 
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