You have to be philosophical about PromnitzHe came, he saw, he...

You have to be philosophical about Promnitz

He came, he saw, he failed - many on here commented that his appointment was the wrong choice at the time & I think those posters have been vindicated by yesterdays decision

Water under the bridge now (at great expense to the S/H) - time to move on, so we have 3 choices:

1. Sell
2. Hold
3. Buy

I wouldn't buy at this point until something concrete is announced but who knows what rabbit they may pull out of the hat. It will be interesting to see the Qtly cash position in 30 days time & how many quarters of cash they are holding given those now lower costs. (Costs will go down with SP's departure) Perhaps if the BoD can raise $1m the QLD gold prospects can be worked on & the size of the find can be expanded then targets identified & drilled