After their monthly & major event detailed reports for 76 in...

After their monthly & major event detailed reports for 76 in 2012, where they probably gave too much frank news too willingly/naively which built expectations, and were then rightly/wrongly crucified at the climactic peak of excitement when equipment failure drew the curtain abruptly on affairs.

Bear in mind that Dr Bruce & board had been singularly unsuccessful in delivering anything for the preceding 5 years except one CR after the other.

76 was to be the last throw.

It's not only investors that have long memories, it's also management. It's unfortunate that they ever issued their unmeasured frank ann of 21/7 which has had them on the back foot ever since.

I don't know what's down that bloody hole or whether it'll be deemed commercial or whether LT investors will ever recover their investments.

For me, I'm not entirely comfortable, but I don't see Ron as an outright lier - however, I stand to be proven wrong. I recall reading earlier this year, around spud, where Magna were reported to be happy with the way Ron was proceeding as he'd kept to the script and his end of the deal in delivering on commitments.

So, I'm a hold ...... for now!