it's not bad to review things now and then. However, there's two...

it's not bad to review things now and then.

However, there's two issues here.

Firstly, the geology and prospectivity. Ditching Deano mid drill program says nothing great about the large shareholders (movers and shakers) confidence in Dean Goodwin or his plan. For one, i find no fault with his plan or the anomalies laid out on the ASX by the company in the past 6 months. It is a fairly straightforward thing to do as much geophysics as you need to get a target, and then drill the target, and putenough holes in that you can convince yourself the target is tested and you can walk away.

Looking back, i think that the last round of extra AMT and extra gravity and magnetics probably shows that someone in MRD was having their doubts about the plan. If this was Dean Goodwin, he should have just crossed his fingers and stuck with it. If it was others within the company or board who didn't see what he (or his staff) saw, it would explain this extra work as being a mechanism by which Dean Goodwin and cohorts did extra make-work to motivate the directors (or movers and shakers) to stump up the cash to drill.

So, they motivated to get the drills turning and raised a swag of money to drill at least 5 holes, and now this?

Obviously someone has kicked up a fuss. Bringing in an expert to review the work may have been the last straw, too; either you back the strategy and the guy behind it or you don't. If Dean Goodwin is constantly being second-guessed by bean counters on a red-hot anomaly and they get cold feet and demand someone else come and make up their minds for them, I can see why he would quit.

I mean, what can this guy say? As above, blah blah we spent $20K on this guy and he says we have to go drill 20m over that way, great success very nice? Oh, and that means we've been doing everything wrong up until now and it's someone's fault.

I'm in for $1400. It's hardly going to gut me to hold on, but it's a real stab in the dong for anyone who tipped money in, serious money.