You can thank Graham Raveleigh and his obedient secretary for leaving Gulf in such a deteriorated financial position . It would seem that they were more interested in discussing the local weather than focusing on the exploration prospects of the company and minimising financial overheads which should have been their key priority . According to the Secretary Gulf Shareholders should consider themselves fortunate that under the financial expertise of Graham Raveleigh the company was not placed into voluntary administration so all shareholders should tip their hats in apopreciation to the former director. Well Peter Remta is in charge now and has managed to pick up the pieces and reduce the overheads and acquire some very prospective projects in a fraction of the time of his predecessor , it may serve the previous director well to pay close attention and start taking notes on how a proper company should be run .
GLM Price at posting:
5.0¢ Sentiment: None Disclosure: Not Held
