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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Comment by stocktalk2on Jan 17, 2006 11:43am
63 Views
Post# 10182603

RE: Curtis...re: REV

RE: Curtis...re: REVMonedas....you give Sholz far more credit than he deserves, or is logical. REV did not have a gun to their head to do the deal with ASD, they persued the deal. The results, combined with the location of the property, and the short drilling season were the determining factors for ASD to drop the option. The situation did not preclude REV's management from having a backup plan, OR, having their own drilling program. They relied completely on ASD's funding instead of promoting Red Mountain's value in the market place and doing a reasonable funding for their own program. You cannot ignore the facts. I am not taking ASD's or Sholz's side on this, believe me, and, I hope, for the people that I do know who own REV that life changes and you have a great year. But, I wouldn't throw caution to the wind based on the decisions that the REV team have made. It seems the old adage of birds of a feather does apply here, and shareholders of both companies have endured a great deal of frustration.
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