quite sad really

The yearly report shows what a sad situation this company is in

Long term holders will realise the demise of Alan Campbell who bought a signifanct amount of shares in the company, was the down point of this company where all credibility was lost, A dedicated Diamond man resigned. Despite repeated phone calls to the compnay (some were returned) no answer was given

low and behold they are now saying we want to employ a dedicated diamond manager

Dalkieth holdings have not reinvested in countless cap raising (wa mob will know this bloke) and Indian Pacific have transferred to a holding company. the present 20 major shareholders has dropped to under 50%... so much for the companies direction to strengthen and support significant holders
Directors do not seem to value the company by share ownership but support free options

So now after all brokers refused to support the latest share raising 9 the thrid or fourth I have experienced)we see they advertise it themselves... then they extend the date so more suckers can be succumened into spending there hard earned to a group of non investors calling themselves executives who want to demerger what they raised the last amount of money for..being purchae of the Arnham land leases

enough sour grapes

so this mob have 32000kms of nt land and are raising 6 maybe 9 milion
none of the leases are granted none is explored, its pure blue sky, no up to date areomagnetic samples no exploration of any sites.... Some of the land is only accessable by helicopter. expensive
Its a scam this mob will do nothing but take your hard earned and live in Perth and not relocate to Darwin or katherine to be near the deposits

When the 1.9 million is added to the share register it will come to.aprox 1.5 MILLION SHARES at .03 per share

work out the maths .....thats over one million shares for a non operating Diamond mine, on the hope 5 years down the track they can do a prefeasability study on a Uranium deposit

Enough is enough I bought this mob on the Merlin purchase as I still think it is a operational mine but unfortunately all our executives are now instant Uranium spealists
Any fool who bought into this thinking a U bonanza is sadly misataken

I draw your attention to TUC who have 28000kms of land in the territory great float went from .20 to .60 cents now residing around .20 cents and they have most land granted and drill rig on one site

My advice is do not take up shares in this mob sell and make the directores responsible,,,, and remeber their names they will pop up again and run another company wether it be diamonds Uranium biotec or base metal


Barramun

All said as interest only and information given is not to aid personal research for investment and is no way a reccommendation or disreccomendation. People will operate on advice listed as they feel their risk management is capable to handle