MD&A For the three months ended June 30, 2020 from August 12 I absolutely don't care that @ abcd2020 doesn't want contributions from users who don't hold shares. It's his business. But he doesn't make the forum rules! But it is okay that he is free to express his opinion.
I will invest in Euro Sun Mining again if the rip-off mentality of the current managers is stopped. Take a look at the current MD&A from August 12, 2020:
1. Consulting and management fees:
These fell in the 2nd quarter from 1.6m USD to 1.1m USD compared to the same quarter of the previous year; Reduction of 500k USD. So far all right.
But other expenses rose from 9k USD to 592k USD in the same period. ESM does not explain why this increase!
2. The Company has committed to pay a director a bonus of (US) $ 250,000 on completion of the feasibility study.
The DFS is operated by SENET (Pty) Ltd. and cost several million USdollars.
There are 7 directors including Scott Moore. Total (dispensable) expenses: 1.75mUSD.
urai58