comments from Far East Capital

anyone cares to comment on comments
from Far East Capital RIR  on RIR  ??
(ref http://www.fareastcapital.com.au/newsletter.asp?id=89) :

" However, there is one that I have added with great
caution attached; - Riva Resources (RIR).
Riva’s Tabac Co-Au project was drilled in the early 1980s
by ACM Ltd. ACM wasn’t looking for cobalt but lo and
behold, they reported intercepts of 80m at 0.77% and 30m
at 0.3% Co, 7.3km apart. The geologist thought they had hit
something huge and immediately started to apply for more
ground. Then some asked “Isn’t it surprising that you found
cobalt when you weren’t looking for it?” .
The assay wasn’t based on a full cut of the core. Due to the
need to economise ACM just took a sliver. When they took
another cut for a check assay they didn’t find any cobalt.Then the penny dropped. The assays were contaminated
by cobalt that came from the saw blade used to cut the first
sample assayed. There is no doubt. I made enquiries and
the saw had high cobalt levels, much higher than modern
blades.

It astonishes me that Riva is out there promoting this as a
cobalt play today, given that history. It is a very high risk
strategy because if they fail to deliver, which is the most
likely outcome, there will be egg on faces. ..”