Spot on again @HotTrade. We need to shed some dead wood and bring new life into the business. A quick glance at the Thor mining thread sums up Billings abilities ...... a dead weight IMHO. I voted against his re-election last AGM to no avail. We clearly don't have the numbers, how can we exact change? I'm open to suggestions, I'm still holding around 300k shares that are underwater, most of us would be to some extent. You would remember alot of holders last year saying they were voting against Mick and the directors generous option package. How did that work out for us?
I agree that it does not bring any excitement/confidence to the results at Transfind by telling the market we're excited about what we have found, but not enough to keep cracking on with it. I understand that geologists need time to interpret the results, in fact credit should be given to them for discovering what others have missed, but these results in themselves indicate their understanding of the deposit/s.
Clearly funding is an issue. It is not the fault of our management that WGX sold SKO to NST causing delays at Cannon however nothing has been done to mitigate this risk and still no word from NST........ we are small fry to them.
So much potential here but painfully slow a realising it, all the while the overheads of the business erodes the balance sheet. I'm glad to see you are still holding, it would seem there has been a few larger holders liquidating in the run up to the EOFY. Holding cost getting to great I suppose, could you blame them?
I'm waiting for my Hishikari
Good luck to all of us
SAU Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held