at least we have Peter Remta and others who are involved in the...

at least we have Peter Remta and others who are involved in the company at present and they seem to be doing a good job in terms of rationalizing the current prospects which may assist us with realising a modest line of capital but really for gulf to kick on we need everyones focus and commitment to lift the shareprice above 1c and by all accounts the appropriate measures and groundwork is being established to transform the economic and mineral asset position of this company . as we know braemore holds the potential of being a highly prospective gold deposit and from what I can establish a large portion of the preliminary groundwork and data modelling has already been conducted which is reassuring and as a result of this work we have been able to identify and establish some very prospective targets which will hopefully be drilled soon . whether or not we are succesful in achieving some consistent and productive results is merely a matter of time and level and availability of capital being allocated towards the project . if we are lucky and we recieve some good grades that will be very reassuring but as we have been down this path before there is no level of certainty so we just wait and see and examine the results .
As outlined within a recent announcement the company is currently actively engaged in trying to acquire some sort of resource project so we will have to wait for these negotiations to run their course and whether gulf will be able to succesfully negotiate finance to acquire this project will be a very important consideration as well as acquiring the different levels of approval but who really knows what the final outcome will be . skardon river originally looked quite prospective but in the end the company made a decision not to go ahead with the acquisition perhaps for a range of factors . its been four years since the listing of gulf and within that time under Reveleighs control the financial position of the company has been comprimised and it has taken a further twelve months to rationalize the financial position of the company and bring the spending and overheads into control .
it could very well take another 24 months before gulf gets into a reasonably stable financial position and the shares above 5c so its a long term venture