Ann: Wavenet Acquires Gold project , page-5

there is a reason why they are only trading at 25c....no one has any faith in management.

And how could you have faith in them?? They were very fortunate to receive CLR shares in the IPO. These shares actually gave WAL some value.

However, it is like putting a 12 year old as CEO of BHP. Everything action they have taken has destroyed shareholder value and makes completely no sense.

First of all, why on earth would you buy a winery??? I thought they were buying up more coal tenements, which incidentally was a disaster.

They run a shareback which was absolutely ludicrous. Probably one of the most unusual decisions I have seen. Totally no sense and made me realise these guys do not have a clue and should not be running a company.

Now they are into gold....and I bet this will end in disaster.

And to top it off, they decide to buy an office with apartments to house the company in. Now tell me, can you get any more stupid???

What a joke. They have no expertise and seem to make decisions with very little due diligence. They will run out of cash once they sell the remaining CLR stock and will tap the market.

Next they will be buying carwashes, because "we got a great deal".