Very disappointed in Diane GarrettToday's news that Romarco is being sold for a fraction of previous share price levels stinks. It proves that Diane Garrett's reputation is not deserved. She is in this field purely for the "excitement of the chase" with absolutely no regard for the people that give her the money to pursue her passion. I live in south Carolina and have driven to the Haile mine once or twice a month. It's been exciting to see the transformation of the land over these last 3 months. I was there two days ago--watching the giant yellow earthmoving equipment was great to see. And then today's disappointing announcement! I am also down in the loss column bigtime because of Diane and the Board's decision to run away from actually running the mine. Is there a lot of gold to be easily mined, as we've all been led to believe? Absolutely! I could post links to maps of all the old gold mines in south Carolina and to the extensive report that Diane Garrett personally commissioned for Romarco. I have actually been in the 4 acre field that holds the thousands of boxes on palettes of drilling samples that proved there's plenty of gold in the Haile Mine site. Here's some math for you: we know of the prediction of 4.8 million ounces of gold to be produced at the Haile Mine site, which covers 2,600 acres. The mining permit gives them permission to mine 4,500 acres. Romarco already owns almost 12,000 acres in the vicinity-- actually 11,765 to be exact. And the area around the 12,000 all contains gold and is undeveloped raw land for the most part-- that's why Diane was slipping into conversations the phrase "gold mining district" whenever she could. Just divide 11,765 acres by 2,600 acres and you get a factor of over 4. Now multiply 4.8 million ounces by that factor of 4, and you get about 19 million ounces of gold on land that Romarco already owns! The mining technique used is simple earthmoving techniques--basically turning diesel fuel into gold. And with todays record finds of oil in the U.S., fuel costs will always be stable for operating the Haile Mine. Finally, Romarco is being sold in this deal for about $800 Million (I know there's a discrepancy between $C and $US.) But there's 19 million ounces of gold on the land being sold-- at $1,050/ ounce, that's $20 Billion worth of gold being sold for less than $1 Billion. There has to be many institutional holders of Romarco stock who are furious at Diane Garrett-- we small timer individuals aren't the only ones getting burned by this deal. Perhaps the institutional holders will refuse to accept the deal-- we can only hope. My solution? Don't sell the mine at such a huge loss to shareholders. Rather, go ahead and operate the mine (as Diane repeatedly promised she would), and in a year when gold starts being poured, write big dividend checks every quarter to the shareholders. Lastly, for those who might doubt that the area has gold, here's an excerpt from a little mining website that has individuals post their experiences in finding gold in rivers, creeks and areas of ancient riverbeds. Eight months ago an old guy known as "Lucky Strike" wrote some entries-- he actually lives and finds gold in the area of the Haile Mine using hand methods, and he's been finding gold for 50 years. (I've panned for gold and it's hard work, but finding flakes of gold is exciting.) Read all the entries, but post # 20 is the most illuminating regarding the existence of gold in the Haile Mine area. https://treasurenet.com/forums/gold-prospecting/439731-haile-gold-mine-sc.html