Oz, you have nailed it exactly !
They are not doing as stated at all and the SH's are copping it big time.
A very highly regarded Chairman of numerous junior and developing ASX Listed companies once told me - do not under any circumstances make a geologist and an explorationist in particular the MD. Over the years I have found that advice more right than not.
Incidentally, geologists/ explorationist generally fall into two clearly decernable groups; "Finders" (who find a commercially developable resource later becoming a JORC reserve etc): and the rest. Explorationist that are "Finders" are in hot demand.
I do not know the connection between RJ and TK before EUC. Is RJ a Finder ?
But, I'd be interested to learn. Anyone know ?
In EUC's exact circumstances, orthodoxy would have a mining engineer as MD and getting stuck into the waste dumps to monetize them to provide funding for what may be an extensive and expensive drilling campaign (or, three). I have said this time and again ... where are we on this ????
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