There are two outstanding potential projects this company has to...

There are two outstanding potential projects this company has to develop.

1. Lithium at Karibib. There is no doubt this material is a vital component in the supply of energy and clean power to the developing world. There has been a dramatic shift in the attitude of companies wanting to do business in this country. China is investing billions. They know whats in the ground. One can only assume from the new "holistic" approach to this project, that they are actually doing something and can release updated plans to the market in the near future. What they are doing, who would know. What type of surveys etc. The last attempt was appalling, after not receiving the desired drilling results the remaining program was canceled and the cue put back in the rack. Surely there is now some plan in place to move this project to the next phase.

2. The Mystique Gold Project is in high class territory. Now it remains to be seen what there planning was like for the current drilling program which according the last announcement was meant to occur in mid July with results in August. Now if that was the plan they should be hell bent on making it happen. Like many small market cap companies, the drive to meet deadlines and manage the project is not adhered to. Hence the share price declines as does the market place interest


General Comment on investing in small cap companies.
I am tired of placing my hard earned cash into companies that are not well run and take shareholders for mugs. I dont mind if every effort is being made to achieve results in company and the immediate success takes a little time.
But it is not acceptable to demonstrate poor corporate governance by squandering shareholder funds on slack management and planning.

I am sure Blackfire does not fall into this category. That is why I invested in the company and will continue to do so. Time will tell if I am the mug!