While all your points are valid millhouse...you have to understand that all investors have different investment strategies.....and just because the term sophisticated investor is used does not make them an einstien....they just have the funds. You have short term and long term and those with an eye to the quick 30+ return with associated risk. I believe we have something special here and i have a large holding because of it. The management so far have been honest and careful with any projections going forward and for me a 50 to 55 percent return on investment with the mine is a company maker in the near term plus alot of blue sky with continued exploration.....and theres still that forgotten gawler cratin project...the one that made me invest with vms all those years ago.
While i can not say management will do a umc....i have faith they will do the right thing and not sell us out as hogans cronies did a while back
Keep the faith millhouse :)
pete
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