Thanks for the analysis carboncopy.
I have just had a quick skim through and will look at it more closely on the weekend, however i am puzzled. The actually asset and the exploration activity looks very promising.
Petra capital and the board do not seem to know what their job is and that shareholders invest in companies.
I am also puzzled why Petra Capital would go the the trouble of writing a very favourable research report with a strong buy recommendation and 86cps price target and then allow the stock to drift to record lows and basically buy no stock.
What is the purpose of writing a research report if you are not going to promote the stock.??
Also, Memo to David Regan and the board:
You are going to have to raise significant capital to get this project going, if you and your so called inept broker Petra Capital don't promote the stock and and the story to shareholders benefit, i don't think people will be lining up to write cheques going forward.
It might be an idea to speak to another broker or with Twiggy Forest or any of the other mining entrepreneurs for advice on how it should be done, or maybe even consult your shareholders, judging by the comments on this blog, it appears most of the posters have a handle on what should be done.
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