gulf, page-3

While exploration for Fe at Nowa Nowa was a waste what the company ended up with is a highly compelling Cu/Au exploration target but not one GLM has the grunt to undertake.

The funds that were wasted big time were at Wollogorang & Ebalagoola. At Wollogorang he went wild-catting for Uranium and mindlessly pursing his own model even when it was proving wrong. Likewise, rather than drill the most obvious Cu targets there and at Ebagoola he continued to drill carboniferous shales looking for a needle in a haystack when proving up what is already there should have been 1st priority.

The worst thing was the rorts like hiring his 40 year old Landcruiser to GLM for 150k pa. Also, some Agreements were changed to the massive disadvantage of GLM shareholders!