Thanks Bubsmark for posting, I was wondering what all this...

Thanks Bubsmark for posting, I was wondering what all this chatter was about

Lets take these one by one.

Office rent: The new mangement team took over in April and cancelled the offce agreement with Morpheus

Fees for accounting services: It makes a lot more sense for a small company to use a pooled accounting services company than hire your own staff (who have to be managed and could leave, leaving you in the lurch). $10k per month for all accounting, quarterly notices, annual audit, annual report, forecasting etc is standard

Capial raising: a non-brokered capital raise, cheaper than using a broker. In addition, as we all saw, the team did a great job of bringing seasoned investors into the company on the secondary market post the raiseing this year. A far better job than you would expect from a broker, all for no fee. The top 20 of these investors have not sold during this down turn and will support the company going forward. Shareholders are getting far better value than if the company had paid fees to a broker

Tenements: Rob Jewson has located and purchased a large pipeline of projects to support the company going forward, I think around 20 new projects in the last few months. Six of these look like they came out of his own portfolio. He did not need to inject them into Macro, he could simply have kept them private and drilled them himself. The fees and royalties are totally in line withe market. He could also have simply purchsed the other tenaments he identifed and kept them for himself as well. Instead he put them all into Macro, with no charge for his services, becasue they want to build this company into some substantial

Borano's scare-mondgering is all nonsense and is obviously some kind of personal grudge

I am guessing the stock will track sideways for a bit and shake out any nervous/loose shareholders. Look at the price chart over the last couple of weeks. It is very obviously being supported and mopped up at these levels.

I bought low, sold half high when the stock ran away, will now wait for the next phase. The large investors around this stock are not interested in Hot Copper, will talk to the company directly and buy on the strength of projects going forward. The company is obviously very busy,

Listen to Borano if you like and sell out.