Well, you are right in the short haul, but not in the long haul,...

Well, you are right in the short haul, but not in the long haul, and the reality of the situation is that Drew clearly feels that way but as mgmt he is supposed to be thinking about the long haul.

Long haul he is clueless, what does he think is going to happen in a couple of years when he runs out of money and still has his $1m burn rate and the market continues to snub him???

What, does he really think that all he has to do is issue a couple of announcements and the market will just come running to throw money at him??? Doesnt work that way, maket is telling him right now, "we dont care what your announcements are, you are going to do nothing for shareholders so why should we care".

And please understand when I talk of him "doing something for the sharholders" I do not mean extending the options or any such nonsense, just dont see how that could happen. What I am talking about here is managing the stock of the company, respecting the sharholders, and seeking new sharholders. There is a lot of noise out there in the market place, it requires a good deal of effort to get your message through all that noise and build support for your company and your stock. If you dont do it properly you get exactly what we have here, a company that is trading at .15 with NO volume and drifting down, that by all rights should be trading at a buck on a few million shares a day!!!

I dont care how much money he has in the bank, he is not in a position to take the company to positive cash flow with what he has, so he will have to raise money the only question is when and how much, he just let 20mill that all he had to do was bend over and pick it up fall by the wayside. He may not be an idiot, but these guys sure are being idiotic!! I do have respect for these guys and what they have done so far, but if you want to run a public company then in addition to managing the operations of the company it is ALSO YOUR RESPONSIBILITY to manage the companies relationship with its sharholders and the markets, those who neglect this get exactly what we have here.

The reality is that Drew and Co are good rockhounds but have no entrepreneurial flair, nor do they seem to posess any real understanding of the situation regarding their stock or even their operating position, nor do they seem to understand how markets work. I understand that they dont understand this, it is not their background so I dont expect them to understand, working for RIO would not have prepared them for this, I do expect them to be smart enough to know that they dont know and get someone on board who does know!!!!

Very sad really, these guys have done some good work but their flagrant disregard for their shareholders and the market in general have led to the current situation where it really doesnt matter how good the announcements are (the last few are actually very good announcemnts) it is all falling on deaf ears. The long money like myself are sitting on their max positions as we have ridden this roller coaster for a long time and been crushed before, so we cant or wont buy any more. The new money, well there is NO new money because no one is even paying attention any longer and considering how they have been burned before they wont touch it with a 10ft pole. Considering Drew's responses to querys I cant blam them at all.

He may be the greatest rock hound walking the face of the earth but he is completely out of his element here, and the sad reality is, we are all going to get our heads handed to us, including insiders of co right along with us, if he doesnt get his head out of his you know what!!!

As always, just my opinion, DYOR, good luck to all!!!