directors credibility at stake, page-9

Of course people are going to upset at their paper losses but hey, there's no flies on these guy's. They are taking the long term view (if you can call getting a mining operation up and running in 3years long) They took the opportunity to raise a shed load of money at the right time. Imagine trying to raise that kind of cash in this environment and the sp flapping around at 8cents! For a start they would have to issue more than twice as many shares. They have used that money to purchase what could be a huge pay day for all shareholders , and paid imo next to nothing. 29mil might sound a lot now but will be peanuts if or when it starts operations. Not even starting on the other tenemants. So yeah, things are bad, so is the market, so is spot U, but imo they have thus far made some pretty savvy moves.My opinion only of course, but i'm entitled to it.