Ann: Quarterly Activities Report, page-99

If I'd listened to negative sentiment 12months ago I would have saved myself a 75% loss so it goes each way. I thought I knew better then because let's be honest there are sour investors everywhere and the projects look very lucrative even without the Wits potential. But I didn't do my due diligence on management and they get a hard time for good reason. Have any of the new investors looked to see how far a million dollars goes with this company.... Theres not much left after salaries (and even less when they start making loans to themselves to cover incentive options which they only repay if they convert them or whatever that deal was). So before anything else happens there needs to be a few more credit raises and after that a few more employee bonuses and incentives.

This is a rinse and repeat company and been around for a while now. After following for a while there's the strong feeling management just look to keep there salaries flowing in and do the bare minimum to stay afloat. They seem to spend more time doing slick paperwork for there bonuses than for recon or drilling any targets.

Theres a valid reason why money is flowing into every company around seg first and it's not because no one's heard of them. There the last to get on board and with the salary SM is on they should have been leading the way but instead they're busy trying to re-brand the company to start again. Says alot about the company and what they're trying to achieve.

That said, I've heard you can make money off a nut-less donkey if you paint it like a zebra. So I could be wrong.