Ann: Director and Company Secretary Resignation, page-20

Hi Bizzo

What i have been trying to point out and i think Lukey get its. Is that HC is full of guys saying its a great asset but management are incompetent overpaid etc etc etc
Every rebirth involves a new team that come in (usually after a shit fight like this one) who flame that fire, "Yep the last guys didn't know what they were doing, where investigating this or that, but don't worry its a great asset give us, the new team more money", and so it goes.
Even if you are right, its a tough asset, it looks like you need to try and extract the guts of a mountain down some crappy dirt road with pitchfork carrying Yokels making a shit ton of noise in Jacinta-land. One star arsed two headed frog gets run over and your stuffed.
Despite all of that if you still wanted to push ahead it looks like a tens of millions of dollars commitment. Have a look at what Federation are doing down there they are spending 30m + just to get to the start of the beginning. A few million bucks in that environment just does not cut it.
The stock is fun to trade at these levels because of the price . But there are better prospects in easier places.