Hi all, its been June 19 to Aug 10 - 51 days, since the last...

Hi all,
its been June 19 to Aug 10 - 51 days, since the last drill report, so over 6 weeks (42 days).
The drilling result due anytime now, could be several possibilities:
a. Duster - keep on drilling.
b. Some positive results.
c. A possible commercial find.

So what will the shareholder's responses be ? Well since January, we've gone from 2.6c ps to now 0.8c ps.
Not impressive, but our category is - highly speculative, mineral explorer.
Current shareholders of more than 6 months - will no doubt continue to hold if (a.) occurs - again.
If (b.) or (c.) occurs - or some shade of them, then GTE will be transformed. I will not look at this occurence,
as you can think that out for yourselves.

So let's get back to (a.) In this situation, those (LARGER INVESTORS) who invested $2m in November/December last year in GTE should consider demanding - a change in this management's exploration and drilling approach.
A different methodology IS required, as is how drilling update disclosures is done via the ASX. No doubt GTE's management is talented and experienced, but maybe a staff culture shake up COULD well be overdue. I have previously made positive alternative approaches on this, in this forum. As shareholders, it appears we're powerless to ask this,due to weak bargaining strength. But our arguments, despite the 'luck' element always mentioned by other holders,doesn't cover - a review or audit - of management's present drilling/exploration/announcement MIX.

I hope this post - instigates, positive changes, no matter what the outcome is.
All companies, when they review their past actions, can improve themselves.

Cheers

Bluequartz