MKY mky resources ltd

Hello AoA and Dollar,some exploration companies I own shares in...

  1. 297 Posts.
    Hello AoA and Dollar,some exploration companies I own shares in are simply not doing just that, exploring. I'm slowly divesting myself of the shares in companies where management seems to be paying themselves first. MKY have something in the pipeline but going on past experience with management and their complete disregard for shareholders I will not be holding my breath. Drilling program finalised! Then a few months later drilling delayed by wet season before it even started!, it was a joke same as Capt Blood and the bonanza U grades.
    Fair enough Blood has gone and new management is in place, SM has collected a darn good wage over the last 12 months...$300k plus?
    The plus I see in this merger is that the other Co has already done the exploring and has drill ready targets. We don't have to rely on Mky to do the exploring (a huge plus) its already been done!
    I hold for now fully knowing the funds could be better utilised elsewhere, just a glutton for punishment.
    I sincerely hope MKY do surprise.
 
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Currently unlisted public company.

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