Ann: Share Purchase Plan Update, page-69

i must admit i am tempted to sell the shares i hold in this company, mainly because of the sycophantic suck up to management posts that are dominating here

of course some holders are entitled to have a bit of a whinge - i was really getting hot under the collar about it but then i saw the placement to instos and sophs was relatively modest in most respects, and so the issue to retail isn't too bad in relative terms -it was not as though the insto one was 4 or 5 times as big

for those who say we all had opportunity at cheaper prices -well, the cheaper prices were largely in anticipation of a CR (even late March when market tanked the extra cheap prices may well have been in anticipation of a CR) , and leading up to ( 11.5 to 9c) but even post the CR announcement it dropped to just below issue price

if the company had a better record of managing its Cap Raisings ( and perhaps its cash) , it wouldnt trade at such a discount to its prospects!!

Some of you may know heaps more geology than me, but I have been in a lot of explorers and rarely does hero worship of management result in any better outcomes- u get a few who have a solid gold record, but the battlefield is littered with the corpses (not literally) of over-hyped CEO's!!