ERW Errawarra : The Waiting is Killing Me But Worth It, page-71

I sympathise with all the comments about marketing and promotion. Azure blitzed announcements at up to 20 a month in the lead up. Whether that did a lot I don't now but they rose from 5.5 to 90 over six months. I def wish ERW had done a bit more.

I do believe however that history over the last year tells us that its sometimes better to go step by step. Tom R and team thought many times that Heritage clearance was just around the corner. But it took an extra 3-6 months. so TBF to the Board, had they acted on their early ideas re timelines and promoted the stock, there may well have been even higher levels of frustration.

Similarly had they acted and started recruiting staff, hiring dozers and drillers back in (say) August), all they'd have done would be waste another 500k. And to be fair to Tom, he takes pittance of a salary (although made up for it with options). But in all this he's preserved cash for when it really counts. Which is now.

My guess anyway is we get radio silence now until they get some sort of result. No point in announcing that they started when we all know they have ... this first hole has three conductor plates.. lets just hope one or more of them have lovely sulphides by mid week..