Ann: Investor Presentation, page-143

GRR is one example of never back a magnetite project with the 2 Chinese experiences namely GBG jv and the stalled Sino Iron. Blame KRUDD MRRT because I was doing very well until that left field thought bubble became policy surprising the market. Anyway history is for the experience to never repeat them in the future.

If you are a top 10 holder of any company with some ST value destruction decision to dump shares, it is prudent to get another entity willing to block buy. I am not suggesting Andy does that but pragmatically there isn't enough liquidity on the depth and I think he is well aware of that. I suspect he is holding this to some kind of resolution which may be mining or funding stage, whatever his plan is. I am not interested since I do not have exposure but each holder has their own objective and it isn't as if he is ramping up the share to try to sell it to rosy eyed newbies.

Every one is entitled to talk up their large holding and you do it with your interest. The difference is he shows that confidence rightly or wrongly with his large investment. That is all. If it goes up he is a hero and if not he is loses his pile but I suspect he has a bigger pile locked up somewhere because only idiots pile into a spec with all they own in this world.

My philosophy; I want to make capital gain not egoistic righteous claim to know where price/market will go to. One man's meat is another's poison.

Folks here are bored with conversations outside of BBX/Gold.