You can't really blame management that much. Industry...

You can't really blame management that much. Industry conferences are part of the gig, it's not like they've been doing them all year. They're just in a tough place. They've been in a tough place for years. Running a micro cap oiler is HARD. Not so much toiling at the coalface every day hard but getting large projects up with no capital and dealing with things that aren't entirely within your control (markets, TO's etc) certainly is. I know in theory the buck stops with them but I try to put myself in their shoes. Could I have done any better with these assets? Most likely not. When you're that small you're more like a powerless boat in high seas. You just have to wait.

I might be critical about certain aspects. eg I didn't think drilling the oil pools at Backreef was a good use of funds. I think there is a lack of reality in some of the company statements that make it seem like people are knocking down the door to get into projects that haven't budged for years etc. But that's what small caps do. You accentuate the positives as best you can. Plus some stuff they have done has been pretty clever, the Greenrock farm in was a good deal etc. They almost got FMG on board.

I have been very disappointed with several things that have happened but it's less management's fault and more just the situation they find themselves in. I don't really like the Lind deal as it will suppress prices and dilute the company if followed through all the way but you have to assume it was the best choice in the scenario. They've been trying to find Chinese funding for probably the last year and it looks like that hasn't come off.

Really now they just have to sit back and hopefully let BRU create positive newsflow for them. I don't really see them doing much more than that for at least half a year after they work out Derby ownership. Once again just rising or falling with the waves. Don't fall into the trap of calling management genious when the SP is up and worthless when it's down. You have to take individual decisions they make to task, not let sentiment cloud things. Management often aren't aligned with your interests if you want a certain SP by a certain trading date.