Hello everyone Been a holder for some time and have been reading your comments for some time now. It has been interesting reading the comments and sentiment of everyone, they have been insightful and sometimes entertaining. At least something whilst watching the SP go down.
I agree with most that the communications in the past 6 to 8 months have been poor at best, and a lot of criticism levelled at JA. Deservedly so in my opinion.. On the other hand, lets have a look at what has been achieved, and when you put things in perspective, in a relatively short time 1. Granting of tenement and land holding deals in Newleyline... was achieved in a very good time frame IMO 2. Cap raise at 20c.... without anything to show? Fair effort I would say 3. Expanding into Chile copper... This doesn't happen overnight , certainly been going on for some time.. The deal . if it is as reported is sensational.... NEWLEYLINE We missed with our so called bullseye drilling at Newleyline.... I think we all got carried away there, but not to say that the area is a duster... Enough evidence to suggest further work for sure... It's there some where, the question is, is it big enough for a commercial deposit, and what do you do from here to find it.. Essentially it has gone from a short term prospect to a longer term prospect.
CHILE COPPER Not saying this is how it happened, but just consider the facts that we do know... Cap raise at 20 c by sophisticated investors Drill results did not hit the bullseye... still trying to figure why pics of these cores were displayed prior to shipping to labs.. Investors??? Non executive director appointed.... In other role is also developing mines in South America....and successfully Announcement of new acquisition... New sophisticated investors???, New non executive director ??? JA himself ?. As I have stated , this sort of deal is not done overnight . Just consider , a cashed up company, relatively small amount of shares compared to most juniors and an investment to protect, REMEMBER that the MD'S job is to maximise shareholders return GOING FORWARD Company, now has a reason to assemble a management team. Non executive director has prior runs on the board to assist or MD. Money in the bank... Assembling a management team is of paramount importance as to where we go from here.... I think we are in a very good position to launch.... remember it is still exploration and still has the risks associated with that.. Only activity and results can truly help us
These are only my interpretations of what I see. Hopefully I have entertained you all, as you all have in the past. Sincerely hope that a good team is put together, and we get on with the job of being an exploration company Biag
MAN Price at posting:
6.0¢ Sentiment: None Disclosure: Held
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