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21/07/08
19:49
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Management just haven't done enough to
1) Boost production levels from the standard 100K ounces per annum.
2) Lack of a second project development either through exploration or acquisition.
This company shows signs of being content with its current position hence the 50% fall from its $6.70 highs.
Challenger is worth the current share price ($3) alone however all other exploration has been a major disappointment.
IMO really a clear lack of vision and the inability to build multiple projects on the back of the flagship Challenger Gold Mine has cost this company.
Regards
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