GREY:PCGLF - Post by User
Comment by
Gaberlunzieon Dec 22, 2012 2:25pm
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Post# 20765603
RE: RE: RE: RE: strong buying coming
RE: RE: RE: RE: strong buying coming While I agree with you on the merits of this property I am unsure about the investment quality of the shares. Previous.management raised about $50 million much of which was spent ineffectively - probably about 20% effectiveness would be generous. Nobody directing the work had any background in working around mines. The new people are different - they appear sound but where will the cash come from? I fear a reverse split is the only way - perhaps as much as one for 20. Once the skin and hair stop flying, I'll be a keen investor. Things are too uncertain right now. Given technically able management, this property will be a real money spinner again.