Ann: Nepean Deeps Drilling Programme, page-25

Cheers batboy.


I am a shareholder.

I have listened to all the LSR stories over the years and the coloured diagrams with all the details re the next hit.

Comment.

The mining micro-cap market has no qualifications for an entry point. Peg some dirt, get some fancy diagrams and promote the living daylights re the potential. Then do deals with your mates. Make a buck

It's a game.

This mob has found nothing of commercial value. Like all the other tin-pot hopefuls, they have the next major find. Just like the gold rush days with prospectors heading to Ballarat.

batboy there are hundreds of mining micro caps promoting their stuff. They make money with consultancy and all the other avenues - so be it. The broker comes in and promotes the concept to "sophisticated" investors (their mates) and raise a truckload of cash. Those sophisticated investors all sell out the story promotion.

Then the project stumbles

.......and who is left, the small-time gambler with stars in his or her eyes.

batboy, the loss on my investment in this company will be minimal in terms of my numbers, however, my suggestion would be for you to take your cash and invest it in your own personal business, or development.

I could list all the mining micro caps with the next find - it's similar to walking into the casino and spinning the wheel. The only person making money is the casino operators. Those running the mining hopefuls and in the case of the sharemarket the day traders pumping and dumping trades.

Cheers