lol re"wants to see this company drilling for gold again"lol lol...

lol re

"wants to see this company drilling for gold again"

lol lol lol - still cannot stop laughing... out of about $10m raised, about $250,000 has been paid to a drilling contractor.

watso is confident that when the half yearly results are published, that this company is down the gurgler (and the half yearly results, will reflect the situation, about 1 year after the company was listed) .

one thing for certain, is that the company is out of funds. at the very minimum the company will need to raise $3m for the coming year (ie a 1 for 1 issue at 3c) - which would mean that the people who got the freebies, would have to think about tossing in a few dollars. would they contribute????????????

watso is happy that the taylors creamed a few million dollars , in the ipo - and if they have faith in the carnation, then they can go down that shaft, and scratch away at the lode - and bring up a few oz.

one of the news links, called this company a "market dog"

www.smh.com.au/business/porn-kings-push-for-payne-control-fails-20111212-1orip.html

"Plans by a group of investors, including the porn king and adultshop.com boss Malcolm Day, to secure board control of the gold explorer and market dog Paynes Find Gold Ltd have fallen short."