massive, page-95

Kalenn,

I'll repeat my mantra yet again:

I like the company in spite of, not because of the management.

Look at all the promises not delivered or that just vanished into the air.

In February 2010, "Positive results for Rio Verde copper project feasibility."
In November 2011, the trial mining licence granted. Despite earlier anns that said "we need the trial mining licence to get into early production", as soon as they got it: no mining. Just more drilling.

The magical disappearance of Antas South.

The quiet brushing under the carpet of the Vale deal, it's only thanks to Chezd that we know what might have happened there. But then I suppose no one likes to admit that their own incompetence has cost 40 million dollars.

The dilutive funding deal after the long string of anns- including one only days before- that used the phase "non-dilutive".

Note that I'm not including more contentious issues like MW selling shares and all that stuff. For me there's plenty to make one cautious purely because of what's on the public record.

Sorry Kalenn, you might think they're wonderful, I'm not convinced. The phrase "full of it" comes to mind. At the moment I would admit that it looks like they might end up building a mine in spite of themselves. But there are a string of promises that vanished into thin air.

Cooper mightn't say it, but I will: I wouldn't be surprised if they sell out at some stage. My guess at a price would be 15c. That's my baseless speculation for the day.