how they continue to hire and pay such high retainer fees and salaries is beyond me considering absolutely nothing is being done to progress the projects in a timely manner
why do the consolidation when the company was going nowhere? all it has led to is company value halving again when it could go no lower. at the time seemed like good idea mopping up extra holders etc, knowing the projects were not going to progress it was not the right move to be fair
i still feel it is an attempt to drive the sp down, do another cap raise to the overseas investors and do a takeover once the projects are up and running leaving holders with nothing of value
only way out is try buy at a bottom, hope for an ann about land access or wye knot drill and get out with something
but even then too risky as likely go nowhere but down for the next 6 months and a cap raise along the way
such a disappointment as had so much potential
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