Reading back thought the investor update (14th may):...

Reading back thought the investor update (14th may): http://asx.com.au/asxpdf/20090514/pdf/31hllclcxcr6vz.pdf

On the negative side, page 8 “business strategy” the invest / develop / invest wheel is a very generic cut & past strategy. And seems better suited to a larger company like Goldcorp, or possibly Hillend further down the track. (Once the Aussie deposits are developed) I would like to see a strategy that clearly lays out major developments in the Hillend to Hargraves trend first. See page 16, this is a massive deposit, with massive potential, so why go running around Africa and Asia, when cash is king right now.

It is not just the risk and cash associated with these far away places, it is also the concentration of management resources, I don’t have shares in Hillend to own an African gold mine, I have shares in Hill end because the have the hillend Hargraves trend in Australia.

I’m interested to here others thoughts on this.