oh brett you've done it again, page-15

Magikol

One thing I'm sure of, management are not getting paid 2 bucks an hour to wait out the rainy season for 6 months. Also while the sp has fallen 60%, pay packets have probably been rising.

They should have spent that time grovelling to brokers, bankers, doing road shows. Getting people involved who are motivated to produce results.

I go back to it but when a company with less ground in Doolgunna and not much else who haven't touched earth with drill bit has a market cap 3 times greater than THX ,who has a JORC U resource (although small) at Thunderball, excellent results from Ngalia Basin and a few others,Red Bore drill results in the same Doolgunna area and the only company to find copper apart from SFR and 500m away, good targets at Curara Wells and Rosewood plus a 40% share of a (mothballed) Nickel mine, you must seriously ask questions about managements ability to produce a result.

With a demerger, the potential is some fresh faces could come in to enlighten at least one of the companies. The danger is, the same servants hop on board for the gravy train and therefore 2 lots of dead wood to lounge around.

On the fundamentals this is a buy but with a dead weight swinging along for the ride it's hard to commit. It's even harder to watch. It's a bit like watching Air Crash Investigation. Is it going to be one of those that plummets to the ground nose first or one where they have a horrifying ordeal but manage to land safely with a few bumps and scratches. It may just end up being 'Flying High'!