Yes, I am for real.
Very few companies become BHP's of the world. If we KNEW the projects would work, there would be no point of a stock market and the share price would be much higher. I think you are a little confused. Management have acquired some good looking projects, with potential. But, unfortunately, they haven't worked out. It's really not that confusing. It's simple, actually. The company is looking at finding a project, with potential, that works out.
Why do you think some companies go from zero to hero.
Even Sirius Resources was a dud in 2010. Now its part of IGO. Same story for many companies.
The company clearly doing more than paying wages. In fact, compared to many other companies (i.e. Chapmans), salaries are minimal. I think the company spending time looking for a good project, with plenty of potential. The directors want something that works for shareholders and that boosts their reputation.
Do you think they would rather fail or build a successful company?
If there salaries were hundreds of thousands a year and increasing, I'd agree with you. But the directors are getting paid diddly squat.
Listen to yourself..
Massive opportunity at these prices.
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