Hi All Posters,About nine months I got in contact with this...

Hi All Posters,

About nine months I got in contact with this company and was given plenty of positive hope of the future of this company.
It concerned planned drilling in what they said was very exciting ground.
I was given plenty of time to talk and discuss many aspects of the company and its future. You could not help but feel excited that at Xmas we will be enjoying the fruits of our investment with a SP well above what it is today.
Ever since that conversation I have seen the SP drop to a very sad price. Except for a short run with expectation of some exciting news the SP has fallen as a result of FAILURE of the company to follow up an aggressive drilling campaign.
The Bryah Basin drilling appears to be a DUD as A recent seller appears to be on board the leaky ship. The sudden sell off at any price is the proof of that.
We have acreage next door to some very exciting discoveries yet we have failed to take advantage of any of this through lack of drilling.
I have NO Faith or trust in WHAT the company say as in the nine months they have failed to live upto any thing they have stated.
Sadly any news that they do report must be sensational to lift the SP as the market no longer responds to average grades. Regrettably we will have to live with a SP not much higher than TEN cents unless they do hit a mother load.

Like so many of you I hope I am wrong and they have some good hits but last weeks activity suggests otherwise. Also I am of the opinion that a cash raising is on the cards as I don`t believe they have sufficient funds to do what they claim they will. Remember the Directors TAKE their cut before anything else. They don`t go without.

I was full of confidence in this new team and stated so but not any more. I agree it is wise to plan your approach to drilling but at the pace they are going and in todays market this management have a lot to be desired if you see what other companies are achieving.

Just my thoughts based on my experience over many years in the game.