Hi Bill, There has to be a capital raising of some sought as there are no funds,
probably 6-8 million still required as additional funds are currently being burnt with out benefit at present.
It would be ideal if the minimum of capital could be raised to commence
exploration & mine at surface easily accessible satellite surface veins with
onsite equipment-small scale excavation -thus minimising dilution less expense
just utilise what we have-generate revenue don't think big-YET
While this small scale operation is underway seriously consider -Bobminers
proposal -being small scale initially, low cost, high return ratio, underground
expansion key emphasis being small scale-low cost high return, while we await
results from Hyperion & Bumblebee its likely that results from both or either
of these will not just drive the share price but attract either a joint venture partner
or capital injection from an outright sale to likely entities NST & IGO .
Regardless cut a deal with regard to Capital Raising R.I.'S that's fair & equitable as
possible, as soon as possible & I'm sure both APAC & PRC have fall back positions
as they would be well aware of what they both stand to loose should nothing eventuate.
Put aside your differences & pick up the phone & at least organise a teleconference & be prepared to compromise-ASAP
leave ego, he said & you could have or haven't done & associated unproductive antics & emotion out side the door- clean slate-
Objective cut a deal through realistic compromise both APAC & PRC should have representation on the BOD, a new chairperson should be about to be announced,
as for Brett I don't know possibly if he agrees adjust remuneration package so that its
based on productivity in relation to objectives achieved -within a given time frame
relative to the share price.
I don't know all that's gone on but logic suggests enough is enough & there should
be much benefit in uniting burying the past & getting on with the job!!!!!!
Salt
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