I must admit I sit on the other side of the fence.
The management have to put certain processes in place and structure to allow engagement with external parties for sale of assets. Also, to manage to extraction of silver problems that have been presented there.
We have had no money in the bank and cash flow being zero. It needs to come from somewhere.
Drillers and staff won't and haven't been working for free on these sites. Now we can payg bills it is all forward.
And especially because the majority share holders are directors and must be slowly grinding through this whole process while the world economy fails around us.
Constant negative views about coal and mining in general are a constant battle.
Sit tight and hold onto your desperate words.
Seriously this is a tough global environmental to be moving forward with a "new mine" in any respects. So either the silver or coal is a hard thing to get to with the greening of the voters in these localities.
Long term share holder here who hopes like he'll I'm not right but blasting management with no understanding of the tough conditions they are wading though is useless.
In 6 months time we MAY be a silver producing company who sold an asset or are in a partnership to develop a coming coal resource that the emerging economies desperately require. And the share price might well represent a positive for even us long term share holders .....
MRV Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held