more good news, page-3

I watch my investment in this company with amusement if that is the right word.

It seems strange that there is one blocker parcel of 500,000 shares at .09 when the company has just commenced drilling at its Mystique gold project (in close proximity to the Anglo Gold Monster) with results due in Sept. Could "they" be trying to get the share price down to .05c or less and wait for the exploration results.
I will be very interested to see the drilling results.

The Karibib lithium first drilling performance was very ordinary planning and reeked of just doing something to keep the peasants (shareholders) happy. It was very sloppy and for a company led by a geogolist was not at all impressive. I do hope a more professional and honest effort is made on the next drilling program.

If the Mystique results do not show any positive results it would seem my dough will be chewed up by the "Administration" team. (It looks like $800,000 will be spent this year on "administration" and as mention before $66,000 to date on exploration) Not a set of numbers I am impressed with.

Unless the MD demonstrates very soon that there has been a change in culture of this company, it would seem that the deck chairs are once again being shuffled around and this company is being used as a salary package source via "administration" The company has already had a name change, changed the MD, changed the director list again, raised more capital, Changed exploration direction.

But the result being more expenditure and a continual decline in share price. it is just not adding up.

it concerns me that deadlines are not adhered to in terms of drilling results and there seems to be a lack of urgency, transparency and communication with their activities. They claimed drilling results due from Mystique due mid August.

I will watch with interest.

Also what is happening with the new "holistic" approach on the Karibib lithium project. Surely there should be some communication to the market in terms of progress.

For some reason these small cap companies once they have cash in place seem to be happy to coast along. I suppose if you are getting $200,000 plus expenses - whats the rush. Theres 15 years salary in the bin.

It's the old story of those that are driven to succeed and those that prefer the armchair ride.

Time will tell what horse I have selected, hopefully its the former.