Ann: Infinity Ores - 20,000 Tonne PO Update, page-53

This post reminded me of the parable, six blind men.


Up ramp, down ramp, side to side ramp, it makes little difference to what the announcements say in black and white. At the end of the day, you either trust management or you don't, at the end of the day it's all you truely have when you own shares. They are either doing the right thing by you as a shareholder or they are not.

NSL are either going to receive the A$1.2m as indicated in the quarterly by management or they are not.

NSL are either going to win the court case as confidently stated by management in announcements or not.

NSL are either going to get Chinese finance to expand to 2.5mtpa as stated in announcements or not.

NSL are either going to progress the JV with WeiHua for bonus expansion or not.

NSL are either going to drill holes in AP14 one day to true up a large resource or not.

NSL are either going to build their own pellet plant at Orvakal or not.

At the end of the day, all we have is the word of management. If you can't trust them, you can't trust them. It's pretty much down to that. You can either sell, try to change the board or you can try and trust them. There's no fourth option unless you're willing to hold stock with a company you don't trust.

This year is going to be very telling about the capability of management, they no longer have the capital limitations of the past, they no longer have the bureaucratic hurdles once faced, they are no longer in debt or under pressure to do anything other than grow shareholder value and produce income.

If this year doesn't result in sufficient cashflow to grow the company, you can bet that the board will be changed and the CEO ousted. I don't believe it will come close to that happening, but I think everyone is well and truely aware of how important it is for the company to deliver, and I mean truely deliver.

Not even the Top 40 would be willing to let this be another year of over promise and under deliver. The company has so much going for it now, all that we can do if we want to continue to hold is extend patience, and most importantly understanding, since I'm confident none of us have ever been in their shoes, trying to not only make a business work in India, but grow it to be a major player.

This year will be telling, but I personally am confident that management have their eye on the prize and will pull it off. They have more opportunities to do so than any other spec stock I've seen.

HC seems to be a place for people to vent the voices in their head. Sometimes overly optimistic, sometimes overly pesemistic. Some of us are defensive, others offensive. We're never all going to get along, but at least we can all write our opinion, argue our points and hopefully make money in the meantime. The benefit being you can still make money by saying nothing at all, you just have to be holding to do so.