Agree Crom, in the main.
As far as Western Australia goes this is where the Company is centered and Mick works there.
The largest play in WA is/was the iron ore system in WA which we have essentially divested. The Chinese group (out of Canada ) still have a small stake in
Helix and Helix gets a royalty if this goes ahead.
The main problem is the lack of " urgency " following the $900K raising essentially for the progression of Collerina. As @La Tache and believe me he has some " pull " has suggested the very slow pace of Collerina drilling and reporting
following the management promoting a JORC by years end is potentially derelict or at least " rude " to the owners - without explanation at least?
The owners being the shareholders.
There is a remote possibility that management is
treating share holders as mere chattel's?
We trust not, but the cavalier attitude recently displayed in regards the Collerina $900K raising
surely needs explaining?
As far as funding goes the Collerina system " should " have propelled the share price north at a pace. Why has this not occurred.
As has been alluded to " ad nauseum " there are many potential " suitors " waiting in the wings to do " deals " .
An easy way to do these " deals " for instance JV's at a low ball " price ". That is we the share holders have been " captive " to those who can easily at present sell down the price for there own advantage.
We surely should understand that our " management " understands this implicitly!?
Which is why the Chairman should say something to the market.
JMO
Cheers
HLX Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
(20min delay)
