Take back not take over., page-22

I agree wholeheartedly.

Gold exploration companies (and even junior miners) are toxic entities on the ASX. After losing money on this and a couple of other dogs, I wouldn't touch an Australian gold company with a 10ft barge pole now. I see reports about 'bonanza' grades at >500m BSL and I just laugh. That resource may as well be on the moon, with development and input costs being where they are nowadays..

Not to mention 'other' domestic issues that are increasingly raising their head (hands).

Fact is, unless you are running a gold mine in some impoverished African Nation, with next to zero labour and compliance costs - Forget about it!