In normal course it is smart to bite ones tongue about the non-positive and not gleaming and shiny. This is not normal imo.
InXS is one of the few left here, not banished or self-vanquished from disappointment, who along with myself and those now gone were willing to speak out that something was not right and going down the tube fast, and faster all the time. I was saying diversify exploration work on other properties and stop or curtail the high dollar deep drilling what was not paying off (drilling should increase value in terms of market cap by more than its cost), and that placements for deep drilling would kill EXS.
If I recall correctly InXS was adding that management could not see beyond the end of its nose if it wasn't something that fell out of its own head.
Personally I think we have both been proved right. Management has finally started to look at cheaper work programs and diversify among properties, but regrettably it is not because it wants to but has to as it finally had the fact that it cannot afford TPW at depth slapped it in the face.
The problem is, along the way management has alienated too much of the investor community with appetite for juniors and cut too many ties, burned too many bridges. IMO there is reality behind InXS's message and its happening would be better for shareholders than would doing the ostrich trick and hiding the head in the sand. It will be new money that might turn EXS around, and a lot of that will be scared off by analyst calls for a change of management.
