lionel diggings

I've read through the blurb on Lionel Diggings at IIG's web site (see here for the blurb:
http://www.iiglimited.com.au/projects.html )
and I can not see anything negative. Nor have I seen any negative news releases. The only negative sentiment appears to be the lack of further positive news and the relatively small amount of money they have in the bank.

Can someone explain to me just why the sentiment on this forum has become so negative? Is it that those complaining bought high, at 3c and sold low at 1c?

Robert