GREY:HRIVF - Post by User
Comment by
Olderwisernowon Mar 17, 2009 10:31am
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RE: Value will assert, especially when clarified..
RE: Value will assert, especially when clarified..The question, is news good. Answer YES. They have clarified the reserves, taken doubt away, stated clearly that there is EVERY potential of increasing these reserves because of open extensions and adjoining property potentials. I keep trying to explain: most guys are wondering around with geologists, trying to indentify a resource, see if they can ever get it up and running after years of getting approvals and paying for studies etc. Here you have multiple mines, EACH seeming to be able to produce now, and reduce costs owing to sloppy previous managment, along with other costs decreasing, with gold trending up. So if you see them making these more efficient, and even increasing the reserves and therefore mine life, you have a winner, without the price of gold even going up. The news is good, but subdued as is their obvious desire. When did you read any PR from this company? See any hype anywhere? It trades on core stuff, with positions seeming in fairly firm hands, waiting for value to assert. AND it will IMO News is good. Just not promotional.