Dapper - fully agree with your observations on quarterly (in previous thread). Its an absolute disgrace from a cost point of view given we are not actually doing anything. Admin cost are crazy for a company this size; lots of global travel,dinners & hotels for Reavley and cronies no doubt (not that we will every get to see an itemisation). Would not mind so much if there was at least one single project they had had some success on over the past couple of years.
Our main problem (one of many!) is that there are no insto's on board (which won't come as a surprise to anyone) so management has a good chance to control any EGM with only retail holders to contend with.
To add insult to injury I suspect management/board will come up with a good option scheme for themselves this year anchored to today's sp.
Very frustrating but we just have to face the music here I am afraid - imo this stock has no hope of making it to 10c again with this team - and even with an expert new team, it will be an uphil battle insofar as any new project will need new capital which, in turn, means a huge dilution. I hate to say it but I am afraid that this one is nothing more but a tax write off from here on out.
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