Ann: Investor Presentation - Noosa Mining Unearthed Conference, page-5

I understand when someone is critical of the management how they run the company, I understand when one is critical of lack of aggressiveness in exploration or being too wasteful and drilling too fast without doing enough analysis. I get that and I do that in many cases with many companies.

But I can't get when someone buys into exploration company he/she does not think have good ground and therefore can't make a discovery. Why would one buy into such company?

Besides the obvious one of being an imbecile what other reason can there be?