Returning EPM to the pet shop at Bolton

I decided to do a review of the last 2 years.

2016 Annual Report

Summarised, this was the their work for the year

• geological evaluation At the Mary Valley Project
• reviews of historical exploration data of Devil’s Elbow prospect (Uranium) and applied for additional exploration licence
• executed a Farm In / Joint Venture Agreement with Rio Tinto to acquire an interest in one of the Company’s Northern Territory LiverpoolUranium Project tenements
• board changes

During this time the salary and share payments made were
Carl Popal $180K
Rod Dale   30K
Pedro Kastellorizos  20K
Craig Hall   9K
Total    239K

Loss after Tax  648K

2. Comments re the 2017 Annual Report

Summarised, this was the their work for the year

• nothing? (based on my reading of the report which appeared to me on quick perusal to be very similar to the 2016 years report)

During this time the salary and share payment made were
Carl Popal $180K
Rod Dale   30K
Craig Hall 12K
Total   $222K

Loss after tax 643K

So, in my opinion, these directors are  receiving remuneration for doing very little. They are probably on other boards as well, and thus not concerned with giving EPM much  attention. Welcome to the gravy train.

As for Carl "The Washing Machine"" Popal, he seems to have significant other business interests, eg real estate, and  doesnt care too much about the odd 250m shares he has in EPM.

As you see in that link above, the comments made a year ago about the silence and lack of action existed then, as it still does today. Nothing has changed on that front, and their website is completely out of date.

So shareholders, what do you propose?

A.  Sell your shares and write this off, and let the next waves of suckers deal with it?
B. Or  demand some changes?

The next Annual  report is due 28th Sep, and and I doubt there will be any surprises. Just read the 2016 or 2017 reports, you know how they like to recycle.

So, is anyone going to the AGM or not?  If not, spot me the plane  and hotel fares to Perth and I'll go over and tear them a new one.