If it gets voted no then the company will be in financial strife, suggest you vote no to the remuneration report if you want to make a point to management. Was a dog deal endorsed by them at the end of the day
The market has changed significantly and they need to react accordingly. I’m not sure spending at this rate is in the best interest of shareholders. Cut costs and focus on finding a partner and only doing things that are necessary (e.g I’m not sure all this work being done on a base metals circuit is worth it at this point though I’m happy to be surprised. My guess it will be used as an excuse for a blow out in the capex estimates). Keep it simple, if what they say is true then the product and economics should speak for themselves and they will be able to find a partner (negotiating a decent deal when your market cap is $20m is another challenge in itself)
TMT Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held