Just comparing, GRR and.... ....and another gold exploration company. And what do I see?
I see that company was also part of a syndicated financing. I see the lead finance company in the market with huge support. This month alone....and the month is barely half over...the lead finance company has sopped up nearly 2,000,000 shares in their support of the company they raised money for.
And then I see GRR. The lead in the failed financing Stonecap has not only failed in their mission to raise $5 million dollars...and how hideously they failed, I guess we will never know. But okay, so they were able to talk the talk and fall flat on their faces when they tried to walk is besides the point. Equally besides the point...is the idiot or gang of idiots that sweet-talked management into even listening to the nonsense that these inepts could do this: shine a brigher spotlight on the company. Increase investor awareness. Thus implying an increase in market interest and participation? Failed again, what?
Hopefully next time around GRR will go back to the ways that worked....raising money through their own network of investors. Either that, or sign up with one of the big guns, not the goonies that chose to cash a (free) commission cheque.
Anyways, so here we are...probably a month or more away from the tech report and the old guard appears to be entirely content to continue to sit on their hands, whilst the new impotent gang of do-nothings do... nothing...except I am guessing whining because of the lack of: no spotight on the company. a decrease in investor awarenes. Concluding in a decrease in market participation and interest. I am not wrong, because thus far...months after the failed financing, Stonecap as leader of the motley crew cannot even manage a bid for 500 shares.
Sigh...so now we get to wait it out and come October-November and we get the technical document that (hopefully) will show us up to 400,000 ounces of a decent grade of gold. Sure, I am confident that will make everyone happy and the boats will start floating again. But lessons learned, lessons learned. If a dog is sleeping leave him alone. If a man is working do not interrupt him. And judging by what I see on the Stonecap site, if a company is in their camp...well, what can I say.