lack of infrastructure and measured resource

Having been burnt by this management (lost 1/3rd of my investment so far) , I went through the various company announcements again, and I feel that Silverking is on to something.

1) The company has been giving the impression that it is close to infrastructure, but never actually provided the details needed. However it is 60km away from a road. How easy would it be to connect to that road? What is the terrain like? How much will it cost? How long will it take?

2) The resource is still at the Indicated level not at the Measured level.

3) Obviously we all know of the delays in obtaining needed licenses. How many licences are still to be issued? Who is meant to issue them?

It is always of a concern when a major stock-broker stops publishing reports. UBS published 4 in Sep/Oct but none since then.

This is beginning to remind me of a company where I lost 100% of my investment.

The announcement yesterday should concern people not encourage them, as it conflicts with previous confirmations they made that mobilisation of equipment and construction had begun (they said this started back in Sep)

When market opens on Tue, I am selling out totally...but I will stay around and potentially re-enter later at a lower price point and when more/better information is around.