nomoregfc,Please try to see my points: 1- if the the company...

nomoregfc,
Please try to see my points:
1- if the the company promised 100,000 ounces production per year by 2005 (or 2006 I actually forgot) and at 2008 they got only 10,000 ounces -- the shareholder should raise a red flag.
2- If the company has spp every two years: shareholders should raise two red flags.
3- If the company does not live up to its own promises on a regular basis, another red flag.

If after all this, the shareholders are welling to send the company money (SPP), I tend to think that they are fools :)

I am not an expert and perssonaly I lost money (not much) to a few spec companies.

I think that the majority of the spec companies in asx are a scam.

When there is SPP (for cto and other companies), I see the money goes from the pocket of an ordinary hard working people to the pocket of a rich bluffers and I hate it!!!

You have my respect and I am sorry if I offend you.

Have a nice day,
Amer.
Perssonaly, I would like to do a comprehensive research and see how many hard working people lost money in the spec companies and how many rich/bluffers got richer!
For me: spec company = (very likely) a scam.