nkp quartley - so what, page-11

This quarterly was extremely poor. No doubt about it. And these guys have even the gumption of trying to going it alone? Who in their right mind is going to back them?

The reality is that the management of this company have made a number of promises and delivered on very few of them. They have little credibility left. Certainly not enough to raise the capital they would need for a small starter operation. This is not dig and ship stuff like iron ore.

I hold but only as such time as we start trading again.

It is going to take an absolute miracle for me to change my mind on selling.

Ralph