Have a look at the voting at the last AGM. I think you will find that shareholders forced the directors hand rather than the directors volunteering anything. The rem report got the first strike, and other resolutions pulled which more than likely means the resolutions were defeated and board wanted them pulled rather than show they were outvoted.
What exploration has the company done in the last 6 months? My guess is Clay is washing his over priced salary through the books as exploration rather than admin!
IMO this company has underperformed in every facit. It's the only gold company going down in value in the hottest market for Aussie gold we have probably ever seen.
Time for change!
Anyone out there?, page-17
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