Ann: Drilling and Development Update - Mt Alexander, page-54

ive said it for yeaaaaarrrrrssssss

retirement fund ponzi scheme at its finest (imho).

cap raise
drill (aka "pay admin")
cap raise
drill (aka pay admin)
cap raise
drill (aka pay admin)
cap raise
drill (aka pay admin)
cap raise
drill (aka pay admin)
cap raise
drill (aka pay admin)

mr lawyer gets sooooo much richer - u get soooo much POORER

this is a CLASSIC get paid for life & retirement stitch job that I have used as a basketcase example on so many other wannabee spec miners as THE EXAMPLE OF CORP ROBERRY EVER (IMHO)...

no matter how good the resource potential is, if mngt want to fund their retirement spitting out qtrly's and signing off on some annual papers for their $XX00,000 in pay and incentives - then nothing will EVER get done.

compare this to FMG, WSA, SFR, the doers do, the bludgers - well, i dont need to tell any of you what the bludgers do....

lost track of the years that i fell for the dumb hype, lost as you lost and kept this on watch to see evenm more of the same spin & go nowhere cr@p rinse + repeat. year after year after year...

4.6c...i feel your pain...