Kiwi 67,
Agree totally. I have been involved since March 2011 in a number of TS companies. Only hold CFE and IGS now. Lost a motza on KPR.
If anybody wants to review on ASX (you can go back for years to see all announcements) www.asx.com.au the following companies CXU, IGS, CHM/KPR, FEL, LRS. OGL, EUR you will find the same presentations and cash raisings.
Do your own research.
Now the cobalt mine might get off the ground - I hope it does, but the model is to sell with royalties.
Compare with Mayoko sold for $200 million to Xstrata. http://akamaistaging.www.copyright ...lambert-to-sell-mayoko-project-20101027-iud8t
Royalties were touted to be between $50 to 134million. Sold for $1m recently.
Do your own research what happened to Mayoko.
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