Sometimes in junior exploration companies just doing more...

Sometimes in junior exploration companies just doing more exploration destroys value and that is exactly what has happened with AW1. Mostly I advocate junior explorers to get out there and drill holes, test targets, but in certain circumstances this is not the best way to create value. Personally, I would have been putting more money into PR and promotion than drilling more holes. It's cheaper and in this instance probably would deliver more bang for buck. Clearly the market does not understand the full value of what AW1 has, so in this case a better use of funds would have been more PR/IR to get the SP up. Then go and do the capital raising at a much higher price. The current BOD and Management are not showing themselves to be very market savvy, but they are good at destroying shareholder value by just blinding charging ahead with advancing their projects without creating value. My personal view is that the market has lost faith with Management and the Board and while the current guys re still there the SP will not go far irrespective of the drill hole results. I think we have already seen that effect. Good drill results and the SP continue to go down. Once, you lose the respect of the market it is very hard to get it back, irrespective of what is coming out of the ground