cashed up, page-3

I bailed on this way below cash backing at a large loss after holding for a few years.

Management did not meet stated goals, and currently seem clueless. I still don't know what was behind recent management spill, but I recall shareholders were required to buy back a directors shares?

I had suggested an idea or two to the company w.r.t corporate deals to re-invigorate the company, but nothing came of it.

I did like their Au prospects, but they all seem too small and complicated to be able to mine in the foreseeable future.

Maybe if gold is above AUD 1500 the project might be a goer, but they can not prove up sufficient reserves a.t.m. to justify a start up.