I've been reading through the reactions of the posters on agoracom. Those people are seriously pissed, and rightly so. And while I'm thinking about it, for the record I've made a profit on ARU, but it's the worst and most bitter tasting profit possible.

There's plenty of talk between the agora posters about a possible white knight bid, a bidding war, how this is the start and not the finish and all that jazz. Three things to say about that.

• Yes, it's possible.

• This KGC bid is so low that it's unlikely we'll ever see true value handed to shareholders anyway, even in a bidding war. I mean, from the $7 right now, can we honestly see bids ratcheting up to the $15 to $20 range?

• Most importantly, no matter whether there is another bid or not, be very clear that ARU treats this offer as a friendly bid. That should be first and foremost. You understand that, and you see how ARU has sold out. I therefore propose the following:

Take note of the following names, because these are the names of the board of directors at ARU. And if you ever see these names on the board or managerial roster of any other mining company, don't go near it. Avoid it. Put a big red flag against the name of that company. Because these people will chicken out, screw you over and sell you down the river again. They may be good geologist, metallurgists and what-have-you, but that won't mean squat when they screw you again, dear retail investor. Leopards and spots.

It's in your best interest to take note of these names. Fool me once, shame on you. Fool me twice, shame on me. This isn't the first time a junior mining company has been raped by the capital markets and it won't be the last. But it's a particulary bad example of the game, and it's in your own best interests as a small investor to protect yourself from the people on this list in the future.