truth, page-9

To quote Colonel Jessop, a.k.a - Mr Nicholson - "You can't handle the truth!"

We apparently live in a world where people expect stellar returns from every stock call or investment they make. History shows markets go up and markets go down. Stocks go up and stocks go down. Sentiment goes up and you guessed it - sentiment goes down.. and for some reason when an investment that YOU make is on its way down, everyone is to blame except yourself.

Having worked in the mega-infrastructure, resources and construction industries where you often have 40-50 extremely well paid experts putting together a feasibility to request millions and millions in funding... well, the reality is, it just does not happen overnight.

Management has never promised to make anyone rich, they have promised, for your investment, a thorough and calculated approach to determining the feasibility of obtaining funding to develop a scarce resource. The changes in dates of the BFS are simply updated estimated targets which have been getting shorter and shorter with each update - we are now within weeks. The more thorough and polished the BFS, the less surprises and faster execution down the track.

For those who have never ridden the rough track through funding a startup or major development, I suggest you take your funds and invest in some blue chips and pray to bag a 5%'er within 12 months and wished you had gone with a term deposit.

I agree the price is low compared to where it was, but at these prices, with this story - we are bound to attract some much heavier hitters that will scoop up all the small investor holdings and that panic.

Finally - calling this stock a 'dog' is laughable. The price might be akin to a pooch, but the company prospect (i.e: 'the stock') is but a pure-bred pup.

I said good day sir.

Rek.