such a dog, page-5

yeah lets all blame the management of the company for our poor investment decisions. maybe we can get the government to set up a bail out fund…. except
it sounds more like someone who bought close to 70c without understanding the risks they were taking thinking they might strike it lucky and now needs someone to blame. risk/reward comes to mind.

this is exactly the same company it was 12 months ago, a little less cash in the bank but which has been expended wisely on a continued exploration program not squandered on management salaries, admin expenses etc etc. like plenty of other explorers I could name off hand.

The belief of many, including myself, was they were in the cusp of something big and that there was alot more copper lying underneath. Hasn't proved to be the case so the speculation that drove the SP to 70c was under warranted in hindsight. Please explain how that is the fault of the management/directors/major shareholders.

So if you invest in a company that has negative cash-flow (i.e. an explorer) that the risk you take. In fact they did a good job at raising capital from a couple of solid investment managers at prices substantially higher than of late. Don't hear you complaining about that.

So by all means blame the company for your poor investment strategy. I'm sitting on paper losses too - not what I want but too be expected in this corner of the market.

Plenty of cash in the bank combined with CBH for drilling and exploring so lets hope they can get it back on track.

Sadly I think the SP still has a chance of going to 10c before heading north so I'm sitting tight for now to buy later.

PS its fallen from 20c to 13c on less than 2m shares. That's hardly any volume any all (less than 100k a day) and that says everything to me about why the SP is where it is.