Duluth Metals Ltd DULMF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Finally Dundas is no longer CEO.

[yoda2]

rational thank you again 
Have/are we shareholders been/being  scammed by DM's management?
The value of DM lies in the TMM project . Yet we have been bombarded with info from DM about their extensive 100% owned resources and the billions being spend on exploration to further expand them; even though, it seems highly unlikely that these resources would ever be developed in the forseeable future. The prospect of a long term and therefore low financial return seems to be DM management's rational for a huge, yes huge, and expensive administrative and management group. By over exploring and over managing DM has ran through all the financial resources needed to finance their share of TMM.  Has this strategy been reckless, too risky?? DM managment then issue new stock a very low prices significantly reducing existing shareholder value .
DM, with a market cap of under $80 MM,  should be scaled back substantially ( like 50 to 60%) and should limit its focus to TMM until that project is up and running.  Essentially all they really need to do is monitor and finance the TMM project.

Right now, does DM exist for the joy and pleasure of management activity without concern for shareholder value and with the risk of not being able to meet the required financial obligations of bringing TMM to production?  The PFS may not be far away but it may be a while before the BFS and financing will be necessary until then

In sum, does the low share price indicate a bad strategy, an over emphasis on building a huge management team,  too much exploration, too much risk,  too much share dilution and a seeming lack of concern for shareholders??