RE:RE:RE:RE:RE:Happy anniversary !
ericdavidsonca wrote: Jwblue, it is obvious to everyone else how badly this company is being run and the lack real progress.
I wonder what your motivation is with this stock, as you are constant defending the undefendable position of the management of this company.
These are more unsubstantiated claims that management has done poorly. When there is specific evidence that management has been inept I will not defend them. There has not been any on this board.
"It has been years and the share price has gone nothing but down" is not evidence of poor management. Especially for a junior mining company.
Here are reasonable explanations why the project has not begun.
> Financial crisis around the world. Financing could not be found.
> Price of metals.
Both have improved recently.
ericdavidsonca wrote:Adex plans to commence the DFS on the North Zone before the end of 2010. Along with the financial and technical studies which will be part of the DFS, the Company will continue with its ongoing metallurgical test work and definition drilling (to upgrade the classification of the resources) which are anticipated to improve project returns. The DFS is expected to be completed in the first half of 2011. If a positive production decision is made, Great Harvest will assist Adex in identifying mining and mill equipment as well as construction materials which could offer significant reductions to capital costs.
Plans and expectations change. I will admit that the timetable Great Harvest suggested was somewhat misleading.
Drilling began in October 2010.
Press release
I PRAISE Great Harvest for willing to take a chance with this Adex. They are wise enough to realize that this company has tremendous potential.
Has anyone thought that if it wasn't for Great Harvest our stock could be worthless?
Below are the press releases of what Great Harvest has done since taking majority ownership of the company. They obviously have a plan.
What specifically should have Great Harvest done differently? Including any past experience in mining or investing in mining companies would add credibility to any suggestions.