GREY:STACF - Post by User
Comment by
LuvMyGoldon Apr 04, 2007 8:10pm
145 Views
Post# 12551385
RE: Warrants
RE: WarrantsI enjoy reading the comments of most posters here, whether they be full supporters or partial detractors(I don't believe that the terms 'pumpers' or 'bashers' are necessarily applicable here most often).
I am going to quote one sentence here, which was just made by Kruzer70 and I think that both sides of the debate should find it to be relatively irrefutable, and that is:
"My point is you can have a great deposit but is you still need a management team that is able to pull it out of the ground and at the same time relise it's value for shareholders."
The two concepts are simple - quality management and great deposit.
Other than for a few detractors that suggested some time ago that our deposit is low grade, well, that is just nonsense, I think most will agree on the potential of our resources. So why is PAX at such a low price? The arguments here clearly surround the matter of HM's leadership. Does the market currently have any confidence in his performance? The current price may give a hint in this regard. I suspect that how well he can dig himself out of the hole in YZC, will go a long way in establishing his business/financial bona fides. If he is able, through Barclays to come up with a reasonable financing for YZC, he will start to gain the confidence of the business community, and that will be good for us at PAX.
As a long time holder of both PAX & YZC shares, I anxiously await some results to move us forward, much like most of you who post here.
GLTA