lol paddyboy well its only 9 million. In their current position I dont mind them decapitalising.
But you are right, they are only a junior and some of the board members do have a history of burning money.
I tend to like Ian Gordon and thnk he is a good manager so I think our money is safe.
The company is a junior because it doesnt have a track record or history of consistent earnings. Thats the reality and it keeps the share price low. Most miners need 10 yrs of proven reserves and 3 or four years of positive cash flow to be taken seriously.
divy, page-18
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