I think that the company did a great deal, no doubt about it.
Strategy wise, if this was my kitchen rules I give them a 0 (zero)
We know from here that AT would like to replace the lost values from Sal De Vida by drilling out and replacing the lost values of the Sal De Vida North tenement.
Will that make a difference?
It will be impressive, but will it make much of a difference?
Probably not.
Ducking down to the values of Lepidico, it isn't about the size of the resource... It is what you do with it.
It comes down to who is responsible for how this was managed and this comes back to both Martin Rowley and Anthony Tse.
Let's be honest, the company has failed consistently to share information with its holders and protect their ownership in the company.
Martin Rowley was almost voted out last time and Anthony Tse cannot be voted out based on his contract.
My expectation is that the company pulls it's socks up and stops looking at it as their own personal company.
If they cannot perhaps they need to take the company private because they have fark all idea about maintaining shareholders value.
Maybe Anthony is allowing this to happen so next year Martin is gone.
Sounds like you have some problems in house Martin.
@airconditioner maybe you need to sit down with both of these guys at the Matilda for another Salmon.
GXY Price at posting:
$2.20 Sentiment: Buy Disclosure: Held