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Message: Re: And there's this one too...
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Apr 13, 2013 05:54PM

Well, I was concerned about the excessive expenditures on the travel and promotion lines of the financials for the last three years. But where nothing has been said or done from a public view point, there could not have been any concern by any management or BOD. I wish they would publicly give a breakdown of these expenses or an explanation. It looks like around $4 million spent on these two categories in 3 years amounting approximately to $3900 per day. This, imo, is giving a negative impression to some on this investment and may be affecting the value of my investment by perhaps keeping new investors away? From a neutral standpoint, I don,t believe I would invest in a company after seeing this high of this type of expenditure for an exploration company when looking at the ratio between this and the amount spent on exploration activities in the same time period.

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