GREY:OLEPF - Post by User
Comment by
goldn1on Jul 05, 2013 12:07am
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Post# 21590159
RE:Director's Circular- July 4, SEDAR
RE:Director's Circular- July 4, SEDAR
Comet:
Unfortunately I agree with you. Chet blew the deal in December of 2011 at $2.10 and now he wants us to wait for him and his committee to see if they can figure out what they have failed to do for the past year and a half. I still think TGZ will end up raising the bid a bit, the fall in the price of gold doesn't help, but with Chet's only option taking out a new loan at 12% plus shares just to pay his salary and cross his fingers for a better buyer, it doesn't build much confidence as a shareholder to continue to look to him to create shareholder value. Hindsight is 20/20, but Chet really blew it on one of the largest gold discoveries in senegal. Too much greed, not enough experience as a CEO. He needs to stick to prospecting...
G1