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Geological & Corporate Fundamentals, page-9

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659 Posts.

105

30/09/18

22:44

Post #: 35939561
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Originally posted by onthepunt ↑

Excellent post, thank you.
There is a level of confidence with Kat Gap, a number of us think this could be our company maker.
I’ve only been here a few months and am fortunate to have a 004 average also. I was well aware of the historical baggage of the board, and was prepared to back Dean in spite of that. Recent events show that a clean out is necessary for board and register structures. I have a decent holding (suspect most of us are 5-10m) and would be prepared to double up if I see real corporate governance and support for the operational side. We need the ability to pay contractors with cash, not shares.
A consolidation may or may not work. In my experience they are done to enable further share issues for lifestyle companies, which then dilute the LT holders even further. If this was done here with genuine board change then it could work.
I am happy to remain in suspension while this is sorted. We have an opportunity to build something big here, but there needs to be management change first. The resource, with Dean in control, will prove itself.

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Heck yeah! This post got me pumped. There's a lot of people who share the same sentiment. Hopefully someone with some clout initiates the necessary action if they don't do it internally.

CLZ Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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