Ouch... This is why it pays to look into shares before you buy...

Ouch... This is why it pays to look into shares before you buy them. That last quarter was scary and it turns out that this company is a cash burner (or at least was).

Someone questioned why some people or investment firms don't get into shares like these... Perhaps they do not want to lose money?

I would rather see a company start making profits before I jump onto them. Otherwise it is a gamble. Cost of construction and acquisitions tend to blow out, just ask anyone at Rio, BHP or Woodside.

Is it not better to jump onto the moving train traveling in the direction you want it to go... If you miss it, so be it. There are plenty of other shares out there. I would rather miss out than lose my capital. But each to their own.

Anyway, I will keep a close eye on this one but as I said before, it will need to meet some of its expectations before I consider it further.

I'll still keep it as a long-term buy but purely as a spec (at this stage.) So gamble away if you are brave enough and have the money to burn.

Good luck to holders, I hope it's not too far off a rise for ya' all.

:-)