is it all doom and gloom?, page-10

Big Al.

The company has spread itself too thin, especially with their venture dodging land mines in Uganda, and now the money is gone that would have enabled the necessary drilling to prove up Thudna. Twenty five thousand samples - strewth - what did that cost? I am not game to try and find out - too depressing.

The market is not silly, at least not like some of us who are still in Sipa, and been there for years. They can see that now it means big dilution or take on a partner who will reap the benefit of all the risk that has been taken by us plebs and we will end up with a small percentage of the company compared with what we had before.

Either way the share price is in a weak position without some really good news, and soon.

Lockitt