quick trade coming , page-8

PROS
- Bought 30% Forrestania for $300,000 (Cheap-possibly)
- Located near flying fox (huge potenetial)
- New executive director with huge corporate following
- Foreign investment capital raising at 55c.
- All management very energetic
- Good pipeline of upcoming targets

CONS
- Resignation of an executive director with a tonne of geological and mining experience
- new executive director also an executive director of a company (MVH) that has a lot more potential with less headaches
- Chinese have only coughed up $3.5mil for their placement so far.
- Obvious delays in drilling due to over-demand for RC drill rigs (and probably because its only 6 drill holes)
- no real previous significant results - just the EM surveys from current project.
- Obvious delays in heritage and conservation applications
- Company looking at diversing (spending shareholders funds) into another country through JLM (potentially)

Guess it comes down to if they can get the RC's over there soon AND report some good samples - up,up and away with more placements and more cash etc etc. If they come up with nothing - new mining mangement's credibilty takes a hit and they burn through some valuable cash.

DYOR and good luck to those that hold.