RE:AsleepWell, what does the Bull have left to do for shareholders at this point?
1) Spin off the Kazakhstan assets. I would guesstimate they'll be worth maybe 15 cents a share?
2) Sell of the remaining 30% of Sierra Mojada to South 32 for a guesstimated amount of $1.25 a share.
I expect to do barely better than break even on this when it is all said and done. This could've been so much better an investment if only Sierra Mojada was kept 100% and funds allocated towards foreign excursions were instead utilized to shore up the resource base at the flagship project.
Lack of discipline is what cost us here. We were a silver project, no a zinc project, no a combo play. We have a flagship project, no a possible JV, no pokers in multiple fires.
The Bull unfortunately never quite knew what or where it was from season to seaon. The fact that the CEO had to practically beg shareholders on multiple occasions to vote and then delay meetings was all the indication one needed with regards to the apathy that the shareholders (and by extension management) had towards the future prospects of this company.
Well, I'll get off my soapbox now. We can't win them all, I'm just glad I won't be losing on this, other than opportunity costs. Who knows, by the time this all shakes out, the precious metals could by flying so high that even laggards such as the Bull will yield tremendous gains.