40 cent Disgrace

Well today we hit 40cents and yet:

1) Still no firm date as to when the market is going to be updated on definitive timings for feasibility study outcomes for Males Bull to be delivered, despite them being well overdue;
2) No recent exploration updates despite on going drilling at Lights
3) Bugger all money left in the kitty and no sense of what impact from dilution the poor loyal shareholders are going to have to stomach;
4) No clear corporate strategy provided to the markets on how they plan to develop these asset over the next 24 months.

As evident a shareprice cant survive on exploration alone....we as shareholders deserve a company that is better run as now we are faced with a lack of capital in the kitty, an equity market where juniors are on the nose, a shareprice that is setting new 12 month lows on a weekly basis and no strategy in respect to the way forward.

Stop the rot Rob - take on the role as exploration manager and appoint someone more appropriate to take the company through to the next stage.

Destruction of shareholder value from failing to deliver on timelines, failing to market the intrinsic values of the discoveries appropriately, failure to give the markets regular informative updates has now gone on way too long.

Leaving the requirement to raise capital until we are almost empty is a an absolute disgrace and hence why my sentiment is no longer a Buy.