media company, page-7

I think the important thing to remember here is that at this stage the stock is purely speculative.

The one thing for sure is that the management holds and will hold a huge chunk of the company, and therefore it is in their direct interest for it to do well. At the stage when money is tight it's a matter of how much money you prioritise to different things.

IMO so far we have spent heaps on tenements and acquisition (dilution rather than cost), but it's clear that the management is looking long term. That being said, i believe this approach to be akin to early investors (who hold - as i do) getting the maximum gain of the long-term strategy.

I take the point that it's hard to know anything about the stock, and you really do have to read a lot into what's going on, but at the end of the day, the management is top notch, and that's one thing you can't go beyond. If anyone can make it work - they will!