ok guys, we can continue to go on about the governance structure and be frustrated, but it is more important to find out more on the US assets.
In the past similar investment was done in Canada, and then it went totally off radar. What ever happened to that one?
It may be worthwhile to use your network in the US or in the industry to find out more on the projects. What is the program for the monument prospect in Trinity county??? What are the odds for it to materialise? At current it is by far the companies largest asset; therefore by regulation (ASX) the company is bound to provide a higher level of transparency here. The contract was amended into a profit share agreement. As it concerns over 30% of balance sheet value they are bound to provide information in public.
Should this investment fail there are consequences for the management, subject to the material impact of this matter.
It may however be very successful, but currently we are treated like mushrooms ie. Feed them Shit, and Keep them in the Dark!!!
The approach of shareholders by the management is not sustainable. It is not compliant with regulations, and it is a matter of time for any shareholder to take action.
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