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rusty02

3,573 Posts.

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14/04/16

11:59

Post #: 17501597
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Originally posted by BorisYeltzen ↑

1. Until they start drilling and providing grades at SJ then the risk factor for delays/cash burn is extremely high. There is clearly an issue with land rights and anyone who believes that everything is fine is kidding themselves. A lot of you guys were saying last year that Isabel was a certainty and landholders were all onside - look how that all turned out.

A lot of you are acting like SJ will have the same or better results than Isabel without a sufficient drill program or feasibility study - speculation won't cut it here.

2. $$$ CASH - what makes a company either get run into the ground or prosper. This company burns way too much in admin costs and lawyer fees compared to what it has in the bank. That $5 million will be gone extremely quick - then what? Another dilution unless they get confirmation of land rights and great drill results at SJ to get a better deal for shareholders than the 18c + 10 yr option debacle.

3. Isabel is a long way down the track and in uncertain territory after the COA result. Rumours and 'could' 'should' simply won't cut it - they need to be back mining there without a court case on their books before it can be accounted for again.

My point is not to discourage or "down ramp" but when I see posts talking about how everything is fine and the management is doing a great job I feel it is worth offering my views to show the other side of the coin. I hate to see people lose money - I just hope you guys are being honest with yourselves about the position of the company.

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Your doing it again Boris.......mate!!!

"There is clearly an issue with land rights at SJ"

Please provide references!! Not your neurotic hype.

"A lot of you are acting like SJ will have the same or better results than Isabel"

Yes I did and provided references so have the company and many annalists; Please provide your reference so as I can check.

"This company burns way too much in admin costs and lawyer fees"

What lawyers fees.....non to pay now.
The rest of your post is a rant.
Good day mate and please go do some fishing. Helps the brain to recharge and gain direction.

AVQ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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Very Quite, page-48

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