GREY:NIREF - Post by User
Comment by
regattadeblancon May 15, 2011 3:18am
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Post# 18577988
RE: RE: Pine Cove and the sellers:
RE: RE: Pine Cove and the sellers:I agree with you 160k. Too many companies cause hardship to the shareholders by giving the goods away. They had a producing assett with Pine Cove that I don't understand why they didn't get the financing themselves for refurbishing the mill etc. Instead they opt for some Anaconda stock and let them have the gold. If the shareholders of New Island wanted to invest in Anaconda stock...then they would buy it directly themselves. I know I would. ANX, MOA, PXR...what......is New Island mgmnt now fund managers. New Island are supposed to be in the junior exploration business...not fund managers. So what do the remaining properties have to offer and where is the money coming from to fund any future exploration. Unless they are looking at other properties. Been quiet for a long time and not getting any reply to emails I've sent the company. So I have no idea what is going on. I am going to sell off my "large" position as well if they don't start responding to my emails.