a different perspective

It's easy to get on the 'I told you so' bandwagon when a company's sp is going down.

I am certainly of the opinion that management doesn't seem to have a coherent strategy or plan for the development of their business.

What we should remember however, is that the company still has in excess of $7m cash to fund operations. This will certainly give them the opportunity to prove up some of their resources which could change the picture of this company significantly.

They have some excellent tenements with good potential and if they develop a plan to unlock this potential sequentially, then this company will become a very different beast.

Watch this space is my advice. Now certainly doesn't appear to be the time to buy but things could change for the better rather quickly.

Good luck to all holders and watchers.