trading halt !, page-39

it is good news that Dale is now a shareholder......i have alot of respect for what he has done in the past. I presume that they will get a contracter in to do earthmoving and mining work so it is not a given that cat gear will be used..so i dont think you could say that dales invested because of potential sales....but i have a preference for cat gear because thats what i work with.
My point in previous posts is to highlight that we have lots of risk now in this project...firstly the greens,low commodity prices and not all approvals granted for mining.
What is also now apparent is lack of transparency...no news on where they are drilling and delay on presentation of bfs when it was nearly completed in may. Using the greens as an excuse to not publish details on progress is not good enough. The mount lindsay project is not viable at current prices of commodities and as a previously mentioned there has only been a time period of 12 to 18 months where it has been viable in the past. So at the moment all we really have is the dso projects. I just dont understand why we didnt drill some more holes in big wilson before doing a cap raising...and then raising money at a discount to a 5 day moving average at 31 cents...just doesnt make business sense.....but i suppose im a just a dumb fitter and there is some logic in there madness. Honestly if theres another gfs companies like vms will go broke so using the excuse that its better to raise now than later doesnt make sense. I was under the impression that the last newsletter may be a monthly thing but the 2 month time period of no reporting sort of threw that theory out the window....watch the price move back down to 31 cents....always happens with cap raising.
Just hope im wrong with my current gut feeling that there is something not quite right happening behind the scenes
Pete