Appreciated the frustration with the pace, I really do.But the...

Appreciated the frustration with the pace, I really do.

But the likely timeline for our drilling within our chosen jurisdiction was always known and transparent to shareholders and BHP alike. Nothing that has occured has been an unexpected delay. I invested with full knowledge of the timeline and hurdles, so whilst I share your frustration, this was all known (at least to the shorter/medium term investors).

I also appreciate the frustration with finding a suitable project to grab in the meantime. However what I appreciate much more, is the intellectual honesty and $ discipline about finding a good deal under appropriate terms, as opposed to just jumping into any old and over-priced rubbish just because of a perception that we should.

I am confident that I have invested into an honest and transparent management group, who are disciplined in their decision-making. This is where my patience has been earned and I comfortable to be patient for a while yet.

In the meantime the opportunity has presented itself to get my average purchase price down to very close to our cash equivalent and I am happy to park this speculative trade and wait.

Additionally:

- We should have progress on drilling by year-end.

- Maybe we have an acquisition to report also by year-end.

- And either of these should see the share-price spike and our patience rewarded.


Finally, if the opportunity cost for a longer-term hold is not acceptable in any individuals portfolio preferences, then this is the wrong stock for them to hold (as NZ Trader frankly admitted).


Each to their own, I respect different opinions, no problems at all. But I do feel it is a bit of a tough gripe to keep grumbling about how long things are taking, when the timeline has been transparent and there for all to see.