Below is the email that I sent to Ms Darby. I will let you all know when I receive a reply.
Dear Ms Darby,
I write to your concerning the future of our company, Global Minerals Exploration (GXN).
I was a shareholder in the old GNI, and sold out at a 50% loss about a month before GNI was rebranded GXN.
After watching the GXN share price hover around 1.0c to 1.2c, I decided to re-buy shares in GXN at 0.9c
Again, I am down 50% on my second investment in the Company.
My questions to you are:
* The S249D notice has been issued. I, like many shareholders are extremely disappointed with the current status of our Company. I am not just talking share price, I am talking cash position, drilling results released to date and financial transactions / loans that GXN has been involved with. Why should shareholders continue to support the current board and your position as a Director?
* How do you see the company growing if you remain as Director / Managing Director?
* Out of the $1.6 million raised, less than 15% was spent on exploration. With the tenements that GXN hold, the "nearology" looks extremely promising so why are not spending a larger percentage on drilling / exploration?
* How can our Company with a market cap of approx. $2.5 million, who has just raised $1.6 million afford to loan approx. $650,000 to other entities? How are these loans in the best interests of shareholders, instead of say, spending another $650,000 on exploration?
* When are the loans meant to be repaid and what interest rates are being charged?
* What do you and the other Directors of GXN attribute the current share price too and how would you rate the performance / milestones achieved of the Company to date compared to other micro-cap explores listed on the ASX over the last 12 months?
* What catalysts do you see for the share price and the perceived value of our company to increase over the next 6-12 months?
Thank you for taking the time to read this email and I look forward to your reply. Your response will greatly affect who I support when the general meeting is held.
Yours sincerely,
Mr. XYZ123
HotCopper should add another sentiment choice: "Frustrated".
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