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Re: None

Friday, 03/06/2009 6:03:18 PM

Friday, March 06, 2009 6:03:18 PM

Post# of 42652
Today's report is nothing more then a statement from an employee [in this case a poor field geologist] under duress. Management has very clearly avoided any responsible and whole burden is on the shoulders of local low level professionals. Although they have tried to save their skin by only issuing a preliminary report for probable reserves. By doing that they have won some more years of wages from their boss.

In 3rd world any CEO of a public or private company can make their employees to produce any desired reports. These professional are not usually licensed by their professional bodies like in developed world. Thus no danger of getting their licenses canceled or revoked. Therefore they can go to any length to please their bosses and make sure they stay employed.

Lord Petty has shown the ability to create some sort of fake life in this, every now and then, whenever he see that retail investors have become agitated.

With all said we want real report and hope Mr. Biste will be able to provide that soon. That will really show the substance in this project. IMO

Sorry I'm leaving my desk to earn some dollars and come back after couple of hours.