allenslet me explain that you are under illusion of having...

Originally posted by allens

GRUB.
I don't dispute ADAM has been successful to date in his business pursuits. Inca requires a commercial discovery and not the continued innuendo of potentials.
We were lead to believe by RBs statements that the frewenas had walk up Tier 1 drill sites chosen by Resources Potential from rigorous investigation by them and discussion with our BoD.
Resources Potential was touted as a leader in their field for both Peru & Australia as the consultant to use.
Secondly RB grossly under estimated the drilling and further costs associated with the full program tabled for the frewenas that was stopped due cost blow outs and lack of discovery other than trace grades.
If these IOCGs are so costly to drill for discovery when so deep and blind why did RB pursue it and not turn to known surface visual deposits like Camel Creek or Qld Mac Creek where some previous knowledge at Mac Creek showed silver & other drill records.
RB lead us into a drilling campaign that he said was Tier 1 but then later makes a statement that people would be stupid to think we could discover a Tier 1 monster with so few holes after the fact.
My thoughts are that RB should fall on his own knife and take Gareth with him but we really cant afford new board members and paid positions until we make a discovery and things turn around.
So things will stay the same and we will see little difference in the share price until 2023 if and when some news comes about how the BoD intend to do some exploration with what funds we have available.
Like minor RC drilling at JE or Mac Creek.
We holders that are long term are certainly in a sitting mode with horrid paper losses seen with little knowledge of what is coming.
Yes, we are told we have great ground and have been told it all along but to date that great ground has not produced a economic deposit of anything and are continually feed this potential story.
How this will play out who knows but Adam needs a discovery to Announce and not more potential only stuff.
Cheers all.

allens

let me explain that you are under illusion of having "invested" in a high potential low risk venture but.. such an animal does not exist

All of us including myself and Adam have put the money on Roulette wheel which we believe has statistical properties altered by the tenements investigations performed to date

The wheel is still spinning and our BOD is figuring out how to stop it on the winning number

The money on the table did manage to build up some time ago but the wheel started to vibrate and most cash has dropped from the table

The choice is : grab what is left over or keep on spinning as "the fortune turns around' and it may go our way or the highway

Join "gamblers anonymous" for help if you cannot take it but this is the reality