Ann: Watershed Tungsten Project Optimisation Studies Boost Value, page-7

Hi Guys

I held for far too many years, on the strength of too many hollow promises.
Initially it was all about gold in Burkina Faso, then Watershed, then back to BK, then gold in Queensland.
I gave up and took a large loss at 1.7c because even then there was too much debt to repay to McQuarie, let alone raising any more without a massive dilution for any mooted development of Wathershed?.

Mark may have had good intentions but cried wolf too many times, but certainly enjoyed a luxuriously high salary, all whilst destroying retail shareholders capital.
As those at Shark Tank say "for those reasons I'm out" and happy to be out.
I do however hope for those still in, it works out, but I'd be very cautious because $150mill is a very small prize in mining return terms given the risks and given (by example Wolf resources) which is already producing in the UK was once a 40c stock and now I think they are languishing at only .05c?. Why?.
Sarg