Something still smells

I still think there is something going on behind the scenes here. The announcement that the company has moved to 80% of the project when they really hadn't continues to ring alarm bells with me. Why would any ASX listed company make such a blatant mis-statement? Then later to retract the statement by burying it in amongst drilling results? The desperate raise at 1.2c when they are sitting on what looks like a world class asset? The chairman's track record with his other companies (Crusader and Blackrock)? Now the sacking of the Mexican partner and the slide to 1c?

I reckon there's bad news to come before the good. I don't think it will fall that much further than where it is now (it's ridiculously cheap) but might see 0.8c. I've always said I'll be in at 0.9 and will stick to that.