Post by
deloria on Sep 15, 2011 12:59pm
They missed
Now most of you realize how much management means for a junior. Manangement made poor decisions, let the can get kicked down the road, waited too long and then when it was time for some good news they blew it. But did anyone really think they would actually come up with something? This is the same team that performed miserably with PMM, did a disastrous 10 to 1 reverse split and then failed to spin off Red Ore to shareholders.
If they really meant to find something, besides doing PP's to pay their salaries, they should have questioned whether it were better to follow the advice of Alibiti and drill blind or if it might have been better to to drill near the suspected deposits. Most juniors fail for these reasons, and as our management is mostly financial guys they got greedy and botched it up. Once again they have never built a mine and are showing that they know very little about exploration. Would a more experienced team have done better? You bet your bustle they would have.
So let's hope they learn from this and either JV this out or get somebody in who has built a mine and knows something about exploration before it is too late. Their reputation is now hanging on the remaining holes, something that should have been done MUCH earlier and together with this mess they now created so as to decide once and for all if they should give up and sell, JV or go broke.
If they come up with something then get an exploration team in and sell to someone that can do the rest, again someone like Timmins. If not shareholders should demand Red Ore be spun off to us and GAX fold.
Up to now I see nothing but poor decisions from management, and a lack of know how. I hope they learn their first lesson from this episode and do better next time if there is a next time.
Comment by
billyr211 on Sep 15, 2011 4:16pm
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Comment by
StevieRay1 on Sep 15, 2011 4:27pm
Another new posting prophet here to save shareholders. Thanks so much for your wisdom and caring...... NOTSRV
Comment by
ProfitMargin1 on Sep 15, 2011 7:06pm
I agree StevieRay. These prophets are Magicians who show up THINKING they can manipulate the stock with their puny $100 investments. After they realize how futile their CHILDISH attempts are....they DISAPPEAR! *poof*
Comment by
billyr211 on Sep 15, 2011 8:59pm
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