RE:RE:RE:Buying up KCC shares It's all a hope and a prayer.
I accept what you say about NSW being a new opportunity but for me you judge management on past achievements. It was worth a punt on the high quality field team finding something in Mongolia particularly when there had been a past offer for Bronze Fox of $50m. But when they didn't hit and the price hit 1c there was no exit and like you I stayed for the ride. If it were not for Rarex agreeing to farm out their concessions we would be wiped out already. And since then we have been well diluted, another fortune spent on management salaries and an entitlement of only 70% of anything that is found on those Rarex concessions.
Saying that I have read the Resilience prospectus and they value themselves at $7m pre the IPO with no assets, a $700k shortfall on the balance sheet and 12.5m options already awarded on top. Again a management who have failed in their previous project with the costs written off due to a dispute. I am amazed that anyone would go anywhere near it and another to avoid for me.