Hi Ink / Glory and all, Has the company indicated how many...

Hi Ink / Glory and all,

Has the company indicated how many meters of drilling will take place on this cobalt property starting in March? If past-history is anything to go on it would normally be around half of what is planned; however, they may be getting smarter and not give any specific target!

I do admire your enthusiasm and your fantastic ability to block out all the past dismal history from this company and the management performance.

The current view of the USA appears to be that debts don’t matter, are you of a similar view regarding number of shares on issue and shareholder dilution just don’t matter! Or that weak management and constant low price CR’s are also no big deal.

I hope this new group on board can change the managements attitude although if they were smart in my opinion they would be looking for a more dynamic team to put an end to low price CR’s and inaction.

We may see a change in the financial reporting as I doubt this new group will just accept an unexplained and undetailed $1.2M expenses bill for a total annual cash burn of $4M I hope for all the recent new shareholders that the group do at least tighten the reins on these two characters’ if they intend to keep them in place.


I strongly suggest you look out for some changes demanded from this new group because in my opinion if you don’t see any change it will be a good indication that you can expect more of the same for years to come.


Cheers and very best regards: Andy