Ann: Acquisition of Ninghan Gold Project, Paynes Find, WA, page-6

Doesn't seem to matter who is in charge of this company or what it calls itself, the same pattern continues. A manic jumping from one project focus to the next, with none of them ever developed to the point of turning a profit. For heaven's sake just stop and concentrate on one thing! MAKING MONEY. Choose whatever project you think can do that and FOCUS on it until that goal is achieved.

If the idea of a company was to spend money rather than make money, USA/TSC/EMC would be an ASX 200 company.

At least in this case it isn't costing any cash, but to be successful you have to be able to actually do the hard work of taking one of these shiny new projects to profitability. That is what separates the real companies from the penny dreadfuls that only exist to mine sharehgolder funds.

Still have EMC as a buy due to low market cap and potential, but really need to see some tangible progress and FOCUS on one of the projects before EOFY.