Again 2ndifferent points of view The trader in penny stocks VS...

Again 2ndifferent points of view
The trader in penny stocks VS the miner who consider reality of a project.

I respect the first view as legitimate and a way to make money but they shouldn't make money MIS representing a project as something not supported by company disclosure innc0mpliance with codes, listing rules, regulatory guides and law.

Remember that post debt restructure this company needs to fund construction. Ask anyone who in today's environment, today's, not the peak of a mining boom, has tried to raise development finance how easy it is and what the hurdles are.

It's no,easy thing. The check list typically starts with " what are your reserves". By 'reserves they mean "reported according to the Jorc code"

This project can answer all sorts of waffle but the real answer is "not as single solitary tonne is reported as Reserves in compliance with the Jorc code"


To finance this thing today. Not a few years ago, today. It needs a whole,lot more disclosed.

Now these phone calls to company leaked to social media are a truly interesting phenomenon. I refer to this guidance from asic on the selective release of information and social media. They make interesting reading.


http://asic.gov.au/regulatory-resou...porate-governance-articles/analyst-briefings/
http://www.corrs.com.au/thinking/insights/6-key-takeaways-from-asics-review-of-ipo-marketing/