someone is building a position, page-2

Management just haven't done enough to

1) Boost production levels from the standard 100K ounces per annum.

2) Lack of a second project development either through exploration or acquisition.

This company shows signs of being content with its current position hence the 50% fall from its $6.70 highs.

Challenger is worth the current share price ($3) alone however all other exploration has been a major disappointment.

IMO really a clear lack of vision and the inability to build multiple projects on the back of the flagship Challenger Gold Mine has cost this company.

Regards