RE: Older, Did YOU send in your complaint?Absolutely, I sent it to both the TSX and the OSC. I do not think I am currently on their most popular list! I sent them this new complaint, with reference to the current file number, but did point out that they had an old file number with me from last year, this year, and probably next year as well.
On the valuation stuff, I do point out now, in case some folks dig around in that site and miss some very basic points. If you look at the grid, you might say, well there are companies that are worse! But those companies are almost all exploration plays. Just imagine what it looks like when they spend the money to bring on production on even one property, less four. In other words, one can miss the fact that dilution from investment is sure to occur with these exploration situations, as they move toward their goals of even getting to production. Look at Detour itself for example. Has the gold, no doubt, but that is it. But look at their ratios WITHOUT any production or infrastructure.
Point being:the ratios like everything in life can be deceptive, but if you have production, they are very constructive as a comparison tool, especially when matched up with costs, profits etc etc.
Bottom line: as always: HIGH RIVER RATIOS ARE A JOKE when you look at the price. The price should be 3 times higher absolute minimum, IMO, and with any positive slant, or management promotion 5 to 7 times higher. With outstanding management: 10 times or more higher, especially with Prognoz situation. IMO Doing a PP at .38 is an insult to all of us shareholders, and should be to the TSC and OSC as well.IMO