can management be trusted?

This is directly from the company update 0n 7 March 2013 compare it to the 1/4ly today and make up your own mind about management performance:

The successful commencement of drilling at the Carachapampa gold-silver project;
Sourcing of major joint venture partners for the company’s porphyry projects;
Promising independent projected cash flow models by Cielo Capital Pty Ltd at the Marianas Magnetite Tailings Project; and
The expected finalisation of off-take and funding agreements in March for the Marianas Magnetite Tailings Project.

Managing Director Glen Darby said: “Together these developments represent very pleasing developments across many of our projects. We are very well positioned to achieve our operational and corporate objectives and as a result we look forward to making a number of important announcements in the near future.”

PG