ceo update all postive, page-5

Guys

You are just re-hashing old views. New buyers are buying in, old are going. I sold some today and will hold the rest for the long term. When the sp starts to take off again I will re-enter because this company will prove itself. It's all water under the bridge as far as I am concerned and time to move on. Remember if you have been a longer term holder you have done very well already and to add to that I quote:

From Mining News:

First amongst equals – long-term investment returns
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Monday, October 15, 2007


LAST week's analysis of one-year investment returns across the minerals sector prompted the obvious question from readers – what about the longer term? Never mind the Johnny-come-lately one-year winners; which companies triumphed for the investors who stuck around over time? The results are in and last week's 'fourth force in iron ore' is this week's winner over a three, five and 10-year time horizon. Allan Trench does the maths.

Around a year ago, I had the pleasure of running the shareholder returns figures on the proverbial largest 100 minerals companies on the Australian Securities Exchange. This year I ran the same numbers for the updated top 100 by size (with the help of an analyst friend at an investment bank who I now owe several beers).

Here are the full set of this year's gongs from the three, five and 10-year returns analyses. "Returns" in this context means the sum of capital gains plus dividends too, compounded annually, so those companies who have paid out their profits year-on-year do not suffer unduly in the calculation versus those that retained funds. There is a clear winner – but I'll let the tables tell their own story.

The three-year returns top 10 winners are as follows – with last year's placing in brackets.

1. Fortescue Metals (2)
2. Sundance Resources (-)
3. Alliance Resources (-)
4. Summit Resources (3)
5. Sphere Investments (-)
6. Gindalbie Metals (20)
7. Mirabela Nickel (-)
8. Compass Resources (4)
9. Riversdale Mining (-)
10. Admiralty Resources (-)

And the decade-long returns panned out as follows.

1. Fortescue Metals (1)
2. Jubilee Mines (3)
3. Paladin Resources (2)
4. Mincor Resources (-)
5. Centamin Egypt (7)
6. Oxiana (10)
7. Summit Resources (6)
8. Newcrest Mining (19)
9. Gindalbie Metals (34)
10. Kings Minerals (13)

Look at the improvement so far, I rest my case.