Ann: Mt Alexander - Drilling and Development Update, page-6

@McQuade ... Someone has to, all we get here are bullish posts from a few posters, never a rational critical look at what they do or don't have.

I was holding this and made a good trade in 2019, then bought again in 2020, but despite all the appearance of a great project, the price didn't appreciate accordingly, so I spent an intense amount of research trying to find what I was missing.

Up to that point, I had been bullish and posted many bullish comments.

After that intense research, as in 15hrs/d for 4-5 days, going back through every announcement since they gained the Mt Alexander tenements, and trying to make sense of them as they were all over the place, never concise and accurate, I became aware of what they don't have compared to expectations and lots of ramping by some posters (myself included).

I've been negative since 13c, and they have not produced anything since to suggest a viable project here. I have a keen ongoing interest in continuing to follow what's happening to see if my judgement/analysis was correct or incorrect. So far it has been very accurate. I also hate seeing people lose money, because they just 'trust' bullish announcement and commenters on HC.

A common theme on every stock that eventually goes bust or down to sub 1 cent, is that a lot of shareholders complain on this forum of how come everything was portrayed as rosy by management/BOD all the way down. So many people just don't get that at this junior end management/BOD are about selling the sizzle for the next cap raise, so every project has to sound very bright.

IMHO if they got a sniff of something really good in the paterson, they would drop MA like a bag of hot spuds. But without a sniff anywhere else, they have to keep selling the sizzle here. Have you noticed no assay results from the paterson drilling that started in June last year? In August they stated they would start getting then next month...

A lot of posters forget this is a discussion forum, not an echo chamber of bullish shareholders, yet the latter is what some people want, especially those closest to the company.