What Should MRD Do?, page-44

In my opinion it would appear MRD does not have the skills, capability and funding to explore and develop Mt Ridley to create shareholder wealth. It might be a great prospective tenement but without the capabilities to make it happen it means nothing. I cannot speak for other shareholders but I have lost all faith in the BoD. Their track record shows they are out of their depth and they need to acknowledge this. They need to get partners in with the capabilities and financial backing through a JV "earn in / farm in" agreement to make it happen. I don't believe they have any other choice if they really want the company to survive and prosper. The alternative is MRD will go belly up and someone else will pick up a very cheap asset with massive potential and shareholders will end up with massive losses.

All in my opinion and happy to be proven wrong.

Cheers SandyC