Graham . How can you can account for the loss of 12M in capital...

Graham . How can you can account for the loss of 12M in capital over a three year period since the inception of Gulf Mines ? . Would you like to provide shareholders with an itemised breakdown of drilling costs , operational costs and other associated costs during this period . For a small speculative mining company with minimal operational overheads that hasnt generated any revenue or achieved even a small scale economic deposit I am sure that longstanding or under your control long suffering shareholders are quite justified in asking for an itemised breakdown of expenses . I sincerely hope that if any accounting or operational irregularities are detected then ASIC pursue this line of action further and provide shareholders with an open and transparent explanation that explains just why Gulf Mines is in the XXX at the moment .
The majority of Gulf Shareholders might be of the opinion that you have butchered this stock but lets see what others have to say .

Kind Regards Grant