capital raising, page-52

Hi JrowL and all,

I guess we can complain about the recent management decisions and there certainly would be plenty to discuss these days.

However; working on the theory of no guts no glory and the old adage of buying when there’s blood in the streets I for one will be topping up my holding at these give away levels.

I agree there is a great deal of up-hill work to do here and the management just can’t afford to put another foot wrong as even they must know there are a diminishing amount of employment opportunities in the mining industry.

It would appear that I have sufficient Scottish blood flowing through my veins to see a potential 100,000 ounce PA producer even with a billion shares selling at under three cents as anything other than an opportunity.

On the Gold price generally I for one do not believe that any of the problems leading up to the GFC have even been properly addressed let alone fixed. The USA, greater Europe and just about any other country with a bank account are all running in serious overdrawn territory. Their banks are currently able to support them through a system of smoke and mirrors based on shonky debt and unrealistic valuations of all kinds of paper instruments.

I guess this system can stay afloat for a while longer it did after all last for a year or two in Zimbabwe; however, personally I remain healthily sceptical of the current powers that be and their paper system and will retain my trust in physical Gold and companies than can produce it at a reasonable cost.

Following is a video that explains itself.

http://video.foxbusiness.com/v/3358125972001/invest-in-the-miners-instead-of-gold/#sp=show-clips


Good luck to all holders and those that have no stock but for reasons best known to them feel the need to make comments here. I would be pleased to hear from anyone that can direct me to another potential 100K gold producer at these price levels.

Here for those that may need reminding is a four minute refresher on why people like me tend to trust Gold over paper:

http://www.youtube.com/watch?v=-HaqwFJj4ZY&feature=player_embedded

Clearly I am taking a risk with my own money; however, as I said above no guts no glory!

Of course these are my personal views and are no way to be seen as advice.

Cheers and very best regards: Andy