Value of Benchmarking, page-7

R15, good luck with trying to explain anything to daughters! I have 4 but its a different world today than years ago, better to text or snap chat them I think

You and Hap are correct I think as sentiment is very important, another thing is larger investor support, particularly around financing. As we haven't needed to raise money imo there is little for financiers to make here. Others need their money and have been paying heaps for it - why would financiers invest in a long term when they can make easy money on CR's? I try to look at everything and primary focus is learning. Whether this stock or another I believe it is constructive to hold at least one stock for the long term and follow the cycles. The detail knowledge can then be easily applied to any other but it takes a while to customize logic and balance to personal risk and goals.

This has always been a key thing I watch, can a company survive if they have some dusters or problems? Because the sector has been out of favour, good companies have struggled not because they didn't have potential but because they couldn't develop the potential. Mkt blames mgt and some is valid as some did not take account of the poor state of capital markets for the Juniors. For us Mgt sold La Posada early, giving away production but realising cash. This was good planning and the results in the tables show the result. Most oilers have potential but very few have cash. Atm cash is king and those with cash are in best position to now develop quicker with less risk. There is always risk no matter how good mgt are.

Re Louise, we will have to wait I guess, logically it shouldn't have much downside because of the numbers but mkt focus is on drilling and if bad the downers will overlook the positives and value and just look at the drill. It is important for sure but it isn't everything.
Cheers