Going underground??, page-19

Thanks VYR - you are a ripper with your analysis.

You would think we are in for some degree of success with HGO based on your numbers.

But HGO has never rewarded its holders since mining began. It has never really succeeded before.

1. Tends to snatch defeat from the jaws of victory.

2. Tends to confusing quarterly reports designed to obfuscate failure.

3. Has had a terrible impact on its suppliers

4. Has survived only because of an excellent hedging strategy and leaning on others

5. Always gives over optimistic news up front and then fritters away its position on cost overruns, bad decision making and poorer than expected ore grades.

For these reasons, there is no evidence they can be trusted to deliver. So even though I can smell money now after all these years you need balls of steel to invest your hard earned with this crew.

Lets hope they can finally deliver. If not now then I don't think they ever will.