"I suggest you sell up and move on if you dislike the propsects."
Joatman- I think you are missing the point completely that many "down rampers" are making
Most purchasers who bought on fundamentals have a fair idea of the potential and did have long before you started posting here.They bought on the potential
Your "facts" are not described by them as irrelevant as you suggest .What worries is not the reserves but the execution risk.
The ability to execute and the existance of reserves are both necessary but not sufficient conditions for profitable production
This company's execution record is poor to say the least
Not saying it is easy- because it is not but execution risk is something we should have more control over
In the past shareholders have tried to improve the execution by voting out the MD.Some will be thinking the wrong person was removed
and perhaps it was operations that needed the pruning
Others feel if there are warts (and plenty there have been) we are entitled to know about them in a timely manner
If we want to live in a perfect all lived happily ever after fairy tale land then Grimms fairytales is a much cheaper and more benign solution than buying shares here has proved to be.
OEX Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
