re: garnev ques on diamond explor, page-13

re: garnev ques on diamond explor In the resource booming or bust times, there are excessive bubble inflation and deflation and too many guess work.
1. CRR deal happened when all of metals went up.
2. CRR didn't bet on JRV for JRV shareholders' interests but the return from their risk taking.
3. CRR didn't stop the deal since DP's mistakes but meltdown of Nickel price and profit prospect for itself.
4. Business is always business for profit and interests. Courtesy is just salt for some extra tastes to make everyone feels better.
5. It doesn't need internal information to evaluate or give opinions about CRR deal and the laterite nickel processing technique.
5.1> Any technique before a breakpoint, could be very tough, which is logic similar that you know something and it is easy for you to deal with it but if not, it would be tough.
5.2> No black and white to say the technique is ready but people could feel different about the future progress. The problem is too many people is too serious in talking about this tech and don't know the delay is part of any new tech.
5.3> However it is tough today not means it is tough tomorrow. Tech crawls and then suddenly all of the problems get the solutions.
5.4> JRV has all of the reasons to be positive about its tech, which is forward statement not guarantee. It is unfair to blame the people lie to you since your own problems.
6. You could get your inference from anything but it could not be the truth or be half of the truth. Most of JRV shareholders, who cried here, didn't have enough risk consciousness.
6.1> They cried since they were shocked. Why were you shocked? Is it so easy to use your pennies to get the dollars?
6.2> No free supper in this world. You could find faked cake in the sky only.
6.3> You expect laterite nickel reward you but you also need to know in short time or even long run, it could not be viable with whatever reasons.
6.4> What's your problems and lessons you should get is more important than any results from your hard guess work.
7. No one lied in the last 4 years but you were blind only. Could you find any announcement which said JRV had the tech without warning about the risks?
7.1> DP and JRV board of course wanted everything was good and expected good.
7.2> you enlarged their expectation and trapped which is your own problems.
7.3> Blaming could make your feel better but you failed to get the lessons. Loss is not a problem but refuse to get the lessons would put you into another crisis.
8. No anyone in JRV management team would tell you Young was not a goer since it is their hope to make JRV.
8.1> No any manager hopes his team would be hit against the wall.
8.2> Just guess if you are the MD of JRV, would you tell everyone JRV would close the door tomorrow if it would.
8.3> Exaggeration the good side and limited the bad side is the nature of all managers.
8.4> you could not believe everything from managers, who change their prediction much quicker than anyone's expectation.
9. All of people in any traps of the market are volunteers. You fail risk control first and then you would be in traps without any questions.
9.1> You could not tell which are lies or forward statement and then your deserve to be trapped.
9.2> Don't put your future on others. You are the decision maker and JRV is just a vehicle for your destination, the trap, the sky, or nowhere.
9.3> Mr. Seckold would make some forward statement too. Some would fail as you have said a lot about your future but you could not make all of them become true.
10. The suggestion to let the board have psychological check would be failed.
10.1> However you could do the check for yourself.
10.2> To check yourself, you have to get your mind updated
10.3> it is challenge and the necessary step to get the lessons from your own mistakes.

JRV could be hit by some great unprecedented events, which is only the time to get dollars from your JRV pennies.