"there are 1 gazillion shares on issue now and 1 bazillion...

"there are 1 gazillion shares on issue now and 1 bazillion options, etc

all at fractions of a cent on a company that has no revenue and loses money

Id be very careful..."

Yes Mauombo, very astute observation........but if you took the time to read the background of the new director appointment you will have also noticed his ability to deliver on $$$billion dollar deals in his previous lives.

This appointment enthuses my inquisitiveness, and the fact the stock has continued to trend up whilst no massive sale orders have been hurting it's progress........makes me want to take more than a dip here.

Moving into property is also a safe place to park my money, albeit in Malaysia which is in growth mode and well run..........beats a mining deal!!

For me the clues lie in the copied news release below on the 31/12/13 :

Board Appointment-Thomas Alabakis

Mr Alabakis is a highly accomplished executive with regional and international experience in operations, corporate leadership, board level expertise, corporate governance, financial management, operational and financial restructuring, turnarounds and growth organizations. He is a results orientated decisive leader with proven success.

Mr Alabakis possesses a thorough knowledge of cultural and business operations in the Middle East, Africa, USA, and Asia Pacific. His depth of knowledge in the Asian financial markets in particular is potentially a valuable asset for the Company.

His experience has included the provision of financial advisory services in Dubai with a number of clients based around UAE and acting as a director of a private investment company owned by Saudi interests. In Malaysia he has also been active in mergers and acquisitions in the Steel, Timber and Gold industries. He was also engaged in Malaysia with RJ Reynolds Tobacco co Sdn Bhd as Finance Director and Company Secretary.

He was also a director of Iridium Holdings LLC in the US representing the majority shareholder in the successful restructuring, refinancing and re-launching of a US$7 billion global satellite telephony business which involved analysing operations, formulating strategies, hiring key executives, and developing new market channels. Iridium is the world’s only satellite constellation that covers the entire globe, providing voice and data communication.
??????????
??His Australian experience includes three years with Heytesbury Holdings Pty Ltd as a Senior Business Analyst in the late 1980’s and two years as a project accountant with Western Mining Corporation in the early 1980's.
He qualified with an Associateship in Accounting (Curtin University of Technology) and was a past member of the Australian Institute of Chartered Accountants.

Loan Funds
The Company advises that it has advanced a total of A$200,000 in loan funds to Platinum JV Developments Sdn Bhd (“Platinum JV Developments”) to assist in initial due diligence in
respect to a possible Malaysian based property transaction. The Company will advise the market if any further material developments occur in respect to this transaction.


Please DYOR

Ant