what are the negatives, page-3

negative: Denis Wadell hasn't managed company that well in past

positive Since Frank Sibell joined we seem to be heading in the right direction.

negative: remote area

positive: highly prospective area, large tenemant.

unkown: progression to underground mining

positive: unhedged

negative: due to past plant problems we haven't been able to produce much to take advantage of high gold price

negative: large number of shares on issue

positive: current share price may seem attactive to new investors.

negative: there is a bad sentiment around due to past failures and not living up to what was touted.

positive: have plant and infrastructure, even though we can't rule out further capital raising (which would be a negative due to dilution) TAM does not at present look like they need to source significant funding. Juniors will find it tough to secure funds in the wake of subprime.