same old same old, page-13

There are a number of issues that have escaped recent posters.

Firstly - The company is under-invested in people. People are required to plan and do the exploration, do reports, prepare presentation and do the promotion work. There is no full time MD!! The company prides itself on low overhead compared to other companies (see financials of annual report) but the cost is limited marketing and slow? reporting. Limited marketing = no broker interest.

Secondly - The company is not a big spender in exploration. Check out the totals from the annual reports. More exploration / development programs = more news. The way things are done at the moment could give the impression that not much has been done.

That said, I disagree with previous posters that nothing has been done. Since 2006 the company has:
- Doubled the resources at Koongie and added substantial copper to the inventory
- Produced good intersections which are not directors specials.
- Done a lot of work determining feasibility of Koongie
- Defined gold resources at Mandilla and Feysville. Both of which while interesting are too small to make an impact on the shape of the company
- Aquired some interesting new projects

So simply put the company needs more people and more investment to increase the exploration and promotion.
More good news = broker interest = higher share price = interest / funding from ouside such as china.