Well we don't know do we. Nothing has been revealed. Blythefan...

Well we don't know do we. Nothing has been revealed.

Blythefan has raised 2 issues. On his first point geology I concur. While I not a practising geologist I have enough background to understand the the message that was sent to us. The whole thing made sense. The presence of blobby sulphides no graphite etc looked good. The geophysics appeared to support the presence of possibly more. Of course they could have drilled put hottie but hey that's the risk. If indeed this is the case we should be told.

On the other point regarding management conflict from my experience I can see how this could occur. Especially as a major shareholder and new md has some project management experience, though does not appear to be qualified in geology.

Further Perth money men are ruthless. If the share price is not proceeding the way they wish they will take action.

Until the new md spills the beans it is hard to be objective about this.

Thus far most comments through necessity have been subjective.

I need to sleep on this and then make my choice bw the two possibilities

1. Geology is not sound and we have been fed bullshit. In which case the new management is to be complimented

2. The geology is sound and the whole situation has been driven by conflict bw outgoing/incoming management fuelled by money men. And god knows what.

We just do not know without further detail on exploration results. I will sleep on this and make descision in the morning (an expensive one)