In all seriousness, I reckon I could put together 2-3 blokes, we can be paid ~$60k/annum base salary, plus very minor overhead expenses (maybe an office, internet connection and mobile phones), with all the comp geared towards performance benefits, and I believe we could sort this out in 2-3 months. Get CMT into an offshore near-term production asset via a vendor finance, reserves-backed, or pre-paid sales structure, as per the peer group, start building cash, and start to evaluate other opportunities apart from Pandora, while keeping that "sleeper" in the back pocket.
One asset horse and sitting there "evaluating commercialisation options for Pandora" for years. The half yearly report is starting to read like they are taking the p##, its the same as the last half a dozen reports. No good in this industry. Not a good strategy in anyone's books. Its cheap as, time to hand it over.
People talk up as companies get ruined. Its unpopular at the time, but unfortunately necessary. Arguments like "management doing all they can" don't cut it. I reckon others can do a better job.
BDM Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
