I thought about selling out too but have decided to stay put.
It concerns me that Messina is another insider. And that Keenihan, the only one with a significant chunk of stock, it stepping down. What concerns me is that they might think to do a complete reset, and dilute existing shareholders into oblivion.
What stayed my hand was the fact that Keenihan still owns a significant chunk of stock and won't let the value be completely destroyed without a fight (I hope). Also, we also still own 36.5% of Warro... with a small amount of farm-in expenditure to come (if Alcoa elect to proceeded). Given the costs, I don't think TSV will get it drilled and flowing themselves (Keenihan's resignation lends weight to this assumption). But I still think the assets are worth something to a larger firm with deep enough pockets to develop the resources... and that this value underpins the pitiful current market cap of ~$8-9 million. Also the Xanadu drill is actually quite prospective if they can find that final partner.
Also , the fact Messina is younger and seems to be the driving force behind the Origin strategy suggests he actually has the fire in the belly to do something with the company he's been gifted by his mates.
One can only wait and pray (or sell).
I'd also like to see Messina buy some stock in the next couple of days,
