I have never had a position in this company, nor do i intend to. I had a serious look at them some time ago but decided that RES was a more realistic proposition.
As for dealing in facts.
FACT - The previous quarterly indicated that they were down to their last $58,000
FACT - The previous activity statement indicated that they had completed 7 Reverse circulation holes at Olieboomfontein
FACT - The indicated that they intend to do a further 6 diamond core holes, as part of their next drilling pattern.
At that rate, it is going to take them years to catch up to where RES is currently. RES have proven management with mining experience. Simply, as a direct peer comparison, RES are so far ahead of them, they have disappeared over the horizon.
Go RES Go
RES Price at posting:
45.8¢ Sentiment: Buy Disclosure: Held
