Ann: Operational Update, page-74

Not sure what to make of the current situation. If we look at it through the lens of recent posters on this forum, then the future of SRN is pretty bleak.
However, I have just reread all announcements from last 12 months and while I am nervous about the future, I am choosing to hold.
My reasons for this are:
- no significant sell off by insiders over the last 6 months with decent buying by some.
- latest update, whilst not flowery, was very positive if you take it on face value. Very specific reference to steps needed to progress the project.
- employment of a new CEO with a range of experience and skills needed to take the next step.
- the upside for my investment is significant if they are able to pull this off.

My biggest question/concern is what PB is now doing- is he on the way out or does he have a new focus in his role. If anyone can shed light on what he is doing, I reckon it would give us a clearer picture of what is going on.

I totally get that it could all come to nothing and my investment might evaporate overnight, but I know the risks and happy to hold.

Also, while I am at it, I totally understand why other posters have a very negative view of the company's situation, but I just do not get why some feel the need to restate their same negative views over and over.

Fingers crossed and GLTA