GREY:PTQMF - Post by User
Comment by
wwadehammeron May 25, 2012 7:20pm
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Post# 19948480
RE: RE: New 43-101 out for LomPoy
RE: RE: New 43-101 out for LomPoy Thanks for your response VB. I was suprised because i figured you had me on ignore. Thanks again. VB some on this board think buying Lom Poy was not good because it diluted the shares 25 percent, was and is an non quantified resource, will require large borrowing at rates around 20 percent (based on history) to start explorations and production, and will divert money from operations in Panama. You know who is stating that there is enough gold on Inmet's and PTQs property to operate the milling plant for decades. If that's true, wouldn't it have been better to expand operations in Panama at a faster rate rather than take the risk on LomPoy? Production in Panama has not increased year-over-year which IMO has held the SP back. I'm glad you made some money buy buying at the low point. The trouble is, most people didn't buy at the low point and are losing a lot of money. My average cost is around 85 cents so an increase in SP to 40 cents doesn't do much for me. I know, this is not your problem. But don't just listen to the people who say everything is rosy and are saying things like PTQ have a profit of $165 million next fiscal year. Listen to us too and don't be mad at us because sometimes we don't agree.