Mitchell Drilling, page-12

Yep and whole reason for being in this position was the ridiculous super pit and lets drill everything strategy. Rather than if had of just focussed on large jumbo flake of Anucubae would never have got into the mess they did. Whole board and management under BB showed they were bunch of amateurs who had no idea how to manage risk as a company at speculative and development stage of life cycle.

Just goes to show quality management most important criteria for investing (as opposed to just trading) these sort of speculative companies. Poor old GH sounds like inherited a basket case. And poor old Ton shareholder left carrying the can. I traded this stock so often and actually was close to going to hold a core position if showed could execute revised strategy as agreed this made more sense. Probably just lucky for me it did go into VA when it did as was seriously considering buying back in.