companys future?

Is there any hope for this company turning around its recent share price slide? According to David Reed they will not be developing the Barrambie Vanadium Deposit. Also company hasn't shown that there is any decent amount of gold at comet vale and joint venture partners are not producing any new exciting news on their leases. As a long term holder for many years David Reed has bragged on many occasions to me they will be producing gold, vanadium and iron ore soon, but as yet have produced only a very small amount of gold even though they stated they will be in full production last year. Mr Reed and his son should start looking out for the share holders as his company is only marginally higher than when it listed more than 5 years ago instead of the brash statment back in 2007 that the company will be more than 2 dollars and surging ahead on many fronts.