re: Ann: GLM acquires highly prospective Brae... So the saga...

re: Ann: GLM acquires highly prospective Brae... So the saga continues just like a chapter out of days of our lives . After three years of Navel Gazing and procrastination our former Director Graham
has left the Company in a deteriorated financial state with minimal economic prospects into the future . Like watching tea leaves dry in the afternoon sun whilst Graham probably lounges back in his Suede Recliner and contemplates his deserved dues of 750K in reimbursment for his unfair dismissal and three years of committed service to the Company . Unfortunately after three years
of neglect and high operational costs there isnt alot of money left albeit the princely sum of 200,000AU which might be enough to keep the Company afloat for six months . Unless the boys at Prema Capital are obliging enough to cough up some additional compensation funds for Grahams retirement I think the prospects remain quite slim that he will attain his expected payout unless shareholders come to the rescue . Well the recent announcement does look quite encouraging but one wonders why the previous management didnt facilitate these measures earlier whilst they were fully aware of the diminished financial position of the company and its inability to fund further proposed drilling programmes why didnt they consider the prospect of joint venturing out the existing tenements instead of trying to organise a farcical capital raising at .002c . Well all of those resilient and patient shareholders who bought their large chunk of shares at issue price of 25c must be greatly encouraged by the recent news and the appointment of Peter as he seems to be doing a sterling job but lets not put the champagne on ice yet as there may still be quite a while to go . For the time being keep your shares in the bottom draw and place your head in a bucket of sand because you are a long way of breakeven and even the prospect of attaining 10c is almost pie in the sky