Ann: Mapping Defines Extent of Surface Mineralisation at Wandanya, page-123

Mystery explained. Borano has a massive grudge against Evan Cranston, which is why he has been manically putting up these negative posts over the last month or so. He has obviously lost money on one of his stocks.

When the stock was re-launched earlier this year, all the directors, including Tolga, Jewson and Rushton put a huge effort into marketing the stock to all their contacts because they really believe in the project, which is to build a new MinRes, based not just on discovery and mine development, but all on a strong cash-flowing mine services division, and Simon Ruston’s unique experience and skills to create this.

The issue has been Goldsworthy and how some got over-focussed on that drill event. As a consequence the stock has become over sold. It looks like it has now formed a base and will probably track sideways for a bit as the last loose holders are shaken out.

The directors own 27% of the company and their average entry cost is around 0.5c, not far below where we are now. None of them have sold, nor the top 20 shareholders they put in

I expect to company to go through something of a re-boot, with the company focussed more on cash flow deals, rather than speculative drilling.

The first of these was the recently-announced manganese deal which is likely to deliver cash early next year. We can expect to see more such deals announced soon. When the market better understands the business model, and has line of sight on cash flow, buying will step back in from high net worths, who really don’t care about grudge-bearers writing nasty things and conspiracy theories on Hot Copper.

The directors have staked a lot of reputation on this, have put multiple contacts in the stock. They will be very focussed to see it succeed. When the shares start ticking up, the glass will become half full again. Hopefully the company will be coming out soon to explain the game plan going forward.