stone resources - have i done my investment?, page-21

once again I ask for details that the announcements aren't telling us .....

As far as the Williams JORC goes, knowledge on the wildly over the top estimate back when it mattered (i.e. when it was being spruiked) would have been insightful stuff ...... not now.

The announcements show this.

But sadly many of us, including me, believed the announcements not knowing just how fanciful the information really was. Sadly it would seem that geologists are allowed to engage in such fanciful estimations without any real ramification.

Announcements tell us when mirage of golden glory was about to be broken roughly around the time when the former MD (ultimately responsible) resigned. For the MD the resignation followed a period of good remuneration embodied with cheap shares, with many of the latter being promptly unloaded on market in an interesting manner prior to the massive unrecoverable slump in the SP .... who was left holding the candle ?

If the would be shareholders way back in 2005-06 had of known of the fanciful mirage from the start then that would have been knowledge Hal. Unfortunately many SHs did not fully understand the disparity between dream and reality.

It was at that time that I was evaluating the differences between Silver Lake and A1 Minerals. I chose A1 to invest in simply because it was an open cut operation (reduced mining risk) and A1 was pursuing a low debt model - not knowing that the gold was not there in economic quantities in the first place. Those who chose Silver Lake - congratulations well done!

With all that has transpired I still wonder if there is reasonable grounds to form a class action against those responsible for developing the mirage in the first place.

GC