"Also I must add how does it further our cause to have a drill or drills sitting idle when we have a deposit that is according to them open to the east, west and and at depth and we have cash in the bank"
All in my opinion, please do your own DD. Not investment advice.
Graham, I couldn't have put it better. That is why I feel (in my opinion) that we're being sandbagged. Who the hell wouldn't take a $5 offer for the company to get off this sinking ship at this point. Management don't have enough shares to fend off an offer and they refuse to put a shareholders rights plan together.
I have two goals:
1. Ensure that these jokers do not get anymore options.
2. Get someone on the board who has our interests of increasing shareholder value.
Again in my opinion, and getting back to the possible conflict of interest I've mentioned in the past but how do we know that are drills and cash aren't being used by SSO? Management screwed SSO out of their cash by putting it in ABCP? How do we know that our resources are not being shifted over there? Has anyone heard of an idle drill in the last three years? Gimme a break.