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RED EAGLE EXPLORATION LIMITED V.XR

Metals & Mining Gold Industrial Metals & Minerals
"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

RED EAGLE EXPLORATION LIMITED > Salaries......and why did Giles quit
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Comment by Lunchisforwimpson Apr 04, 2014 11:07am
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Post# 22411544

RE:Salaries......and why did Giles quit

RE:Salaries......and why did Giles quitThe burn rate is 200 k per month. The appear to have tossed the previous CEO for being a tool with the kitty.  The current burn is still too high for a company on care and maintenance repeating the same paramo press release. Salaries need to be cut and pay for performance implemented. Get the burn rate to 100k or below. 
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