THE FACTS!!! Okay, I'll settle this debate between both of you, getting kind of tired of people and certainly frustrated with GNC.
I am certainly "in the know," on this one; Financial spread sheets have less money than my personal chequing account at Scotiabank. FACT #1
Las Margaritas will not be lost, yet.
GNC does not tell the truth. "Share holders should be happy." I haven't heard of 1 share holder in the retail space that is happy right now. Infact, I know of very very good geologist that used to own Gainey and It is NOT part of their portfolio now... you could say she/he was tired of being jerk around by the "BIG BOYS." Moved those funds into companies that WILL make share holders smile. FACT #2
Gainey will move when the "BIG BOYS" are ready. Their strategy is sub par, very annoying and certainly frustrating. Their care for any of their investors is equal to the care that most people have for the homeless here in Toronto... slim to none. WHAT HAPPENED TO THEM? Fall 2016 Gainey was on fire! Buzzing!! Gold started the year at $1100 and ended at $1150, sure it hit highs around $1300, but take another look people, Gold is holding $1575 with ease!!
HELLO, WAKE UP "BIG BOYS!!"
I am here at PDAC, it is full of sub par companies at least giving an effort to raise capital and funds for their next exploration and hopefully a big discovery. I have talked to many many CEOs, CFOs, Presidents and even people who literally don't have a clue, but they are here, excited about gold prices (even with the sell offs) and by God giving their best efforts. We know Gainey isn't here and that to me says 1 of 2 things... either there is a huge (Mag silver, Silver Crest, Kirkland.. etc) discovery and they don't need to be here and are keeping it hush hush... for now, or the land package was a dud and they are stringing it along for as long as they can. So will they take a loss on the last 2 1/2 years trying to get blood from a turnip??
Surrounded by companies that have serious disciveries and assets in the ground is a great thing, but just because you are in Canada (greatest country on Earth when Trudeau is gone) doesn't mean you are Canadian. FACT #3
Something to take with you when you go... Gainey has serious backing, but no news is often bad news.