RE:RE:RE:Of course this should be the shareholders moneyLike the guy ahead of me - we have a Toronto Lawyer as our interim president. He was not brought in to run the company, but to cut costs. This guy was not supposed to be spending our money, but to stop the bleeding. If you wanted to go forward, we need a new CEO, and someone qualified to take our company forward. Mr. Vu was brought in to cut costs. So why is he spending our money?
Now we have paid to option massive tracks of land in Africa. And we have no money to explore them, and nobody will provide financing to do so. And the exploration wells are too costly and are too risky to take on ourselves. It was an aggressive risk to stake that much land because it relies on us finding a JV partner to pay for the work. They have not found anybody yet to do it. The investment climate was not consistent with that risk. And that risk decision was not consistent with the direction to cut costs.
When the board we brought in doesn't do what we asked, we can force a vote to make it happen.