GREY:RGVNF - Post by User
Post by
stocktalk2on Jul 19, 2006 11:12am
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Post# 11102761
Huttani
HuttaniSorry to disagree with you, but that hype started with the company. Let's not forget that this was a company that couldn't stay over .10 for the last decade. The source of the hype starts with the company.
It was the company that was announced everything was in place with AAA doing a PP and that they had commited $100 million dollars towards the development of the concessions, which if you recall was certainly my and would suspect most peoples reason for getting into the stock. You don't get that kind of money commited in a junior.
We, the public shareholders will never know what the problem is with AAA or the exchange etc, BUT, we do know that the PP has not closed and McCallan is not drilling or doing anything else with the concessions.
So, in my view nothing is right until we have confirmation that the deal is going forward. Personally I don't care about Red Mountain and neither has the market for the last 10 years. Still too many if's left. But I would not be congratulating anyone at Regent yet. They haven't even completed the deal yet, let alone have the money and people in place to start developing the concessions. WHEN that happens they will deserve full credit.