Yes, judging by their results over the past 3 years, it seems...

Yes, judging by their results over the past 3 years, it seems like that's exactly what they've been doing. Either that or Duncan used the 12 million dollar IPO to buy some dowsing rods to locate the best drilling sites. With a share price down 90% from 3 years ago, a company that said they were greatly encouraged by the latest drill samples only for them to be absolutely terrible causing the share price to crash by almost half in value when the actual results were released. I know it's a risky business, especially in the Gawler region which can be extremely hit and miss, but it's hard to stay postive when there's been no positive news for along time, and baring a miracle next month, I just can't see the share price recovering anytime soon.