You really worry about the quality of management in some junior mining concerns.
This little woofer now has a few bob in the bank after its failed nickel project fell over and convertible noteholders got burned. (It also has a bucket load of shares on issue).
Given the recent management changes what direction does it take-supply energy to China they scream-what a trully inspiring well thought out unique turn of events-NOT! Someone forgot to tell them that horse bolted a few months ago.
Well, to get them down this well worn track what do they do? They obviously hit the turps with a few mats down Subie way, hey guys why not Joe Bloggs over there a million bucks in scrip and he will peg some forgotten moosepasture! Terrific not even granted yet.
And uranium mining is legal in WA?
And it has no historic drill work ?
And you still part with 24m pieces of paper?
What a complete farce.
Cheers,TAS
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