Tom, thanks for the info. Whilst BOD may be precluded from buying at this moment in time, I can't believe that excuse could be used for majority of last few years. When they're quick to buy in discounted placings, but seemingly unwilling to buy in the market, there will always be the nagging doubt as to the efforts being made to support SP ahead of such placings.
Thanks Tom. They may well be disappointed but they are still drawing significant wages from our money. Time will tell whether this ever recovers but in the meantime it's probably best to forget about it which I would if I didn't have it staring out at me every time I log into my portfolio. Btw Tom, what does they "would be buying in the market if they could.... " mean?
They are disappointed as us and would be buying in the market if they could.... News releases are been worked on. No placing required at this stage Deli - Lots of options on what to do with it, they are convinced mutsk will prove the best decision I obviously didnt get anything concrete (as you would expect) but im comfortable for now
Well said Eric, The BOD have to be held to account for the poor performance of this company, and as their enactment of the strategy has brought us to this point, I feel we are all owed: A) an understanding of the future strategy so we know they are not just guessing and hoping for the best, b) An understanding of how they intend to bring about investor confidence and get this SP back to where is was 4 years ago. I think if they do make it the next May for an AGM, and the current performance continues then the BOD should make their excuses and exit the business.
Good points John. But you shouldn't be having to tell us this, the Company should, via more detailed news. I think the word 'entrepreneur' has upset some of us, in view of the fact that the sp is currently struggling, and in reality has been unhealthy for quite some time. Disappointed that progress has been extremely slow and nothing yet to show for it after four years. In reality, this is a poorly performing outfit to date. I feel we need more mining expertise on board. I dread to think at what sort of sp the next funding will be raised, so Ed has to get Mutsk going sharpish, as, barring a sale of Deli, it's the only thing that will drive this back up, especially if gold prices remain sluggish. You may be unhappy with some of the comments here, but on the main I don't feel they are unjustified. The Company needs a spark from somewhere, and the appointment of an 'entrepreneur' suggests to me that the BOD in its present form is running out of ideas. The Company should be telling us what the plan is though. The main reason for the additional cash burn on this appointment. Is it money we can afford to shell out at the moment? An absolute necessity? We should have had a more detailed RNS, particularly while the market value of our Company is in this current shape and has been floundering for some time.
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