I've had no trouble 'relaxing'. A lot has happened that is outside of their control, you have no say in which way the wind blows, all you can do is set a good sail, and I believe management has done that in maintaining the capital structure and minimizing dilution where others would have instead taken advantage of the situation.
The bids could be better yes, but that all comes down to sentiment. Having said that, I think it's unfair to call the $80,000 line swipe we saw a couple months ago as 'negligible'.
With regards to management, having observed the way they have operated and seen their predecessors too, I can confidently say that they are the BEST this company has seen and I would challenge anyone to put forward a feasible alternative if they believe they have one that would deliver shareholders to a greater return than the path we are on now.
Golden eagle JV/farm-out or sale
Cliffs iron ore royalty
POV - don't right it off yet.
Patience is the key. It's being tested yes, but think of the alternatives and what that would mean to your holding in terms of dilution etc. I'm hanging on as the worst is over and behind us and I didn't buy more at $0.001 so I can add them to the stack in the market depth, that's for sure. At a market cap of just $2m and a shareprice of $0.001, I am confident it's up from here (in due course) and the best is yet to come.
AWD Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
