Does Management Lack Direction???/ Part 2There is of course the other alternative, which this company's management is also and presently looking into.
Again, if you go back to the company media report from December 21, 2006, you will see that the company has already been approached by Investment Bankers, for listing on the Hong Kong Stock Exchange.
You will also see, from Bacon1 post that companies that list Gold Mining Companies there, and are not necessarily in production, as Sino Gold is not yet, although I stand to be corrected here, they get an average price valued at $180 to $240 an ounce "in situ".
I must admit the Sino Gold is more advanced then we are, bigger than us, and also better known. The also have Goldfields as a partner. But if we could get half of what the average is, that gives us $90 / oz "in situ".
I don't think I need to re-post that this is a better deal than even a Private Investor at $75 / oz, but the question is, could we sell 40M to 50M Shares at this price? I don't know.
But my topic was "Does Management Lack Direction?" I think not because I think I have proved it here with LINKS, from our Top Management. Not only do they not lack direction but they are taking the correct course of action to lead us in the right direction, and from the poor share price we are now receiving on the TSX.
I am gonna tell you all something here very truthfully and honestly. I have been buying junior gold mining shares since most of you were Knee High to a Grasshopper and my strategy is not to buy 50 of them and hope for the best. My strategy is to pick out one or two, that I like from my own DD, and stick with them for awhile.
Among my first major investments was Glammis Gold, when at that time it was a very junior company and first starting off. My next one, or was it at the same time, was North American Metals, which had only one exploration mine in Northern Canada. They later became known as Hunter Dickinson, and in who at that time was able to speak to both Robert Hunter and Robert Dickinson, over the telephone, as it was a Penny Stock then.
It hasn't really stopped since then either, including a new mining company called Dome Mines, which was owned by a Petroleum Company I worked for called Place Dome Petroleum, and later changed their name of this mining company to Placer Dome.
I also remember owning Campbell Red Lake Mines, who also changed their name to Barrick, so I have been around a lot. The only thing that is new to me is this new generation of "Stock Bashers", on a Public Stock Bull Board.
I have time for this Bull Board now because I don't need the money to have to work anymore, although I am still quite young, and enjoy my profession and doing it still. I am contemplating going to Africa next month, and get back to work, as I am getting fat and lazy, but I haven't decided yet for sure either.
But I am not telling you this to brag here, as some do, as I don't need to, mostly because I have enough money no matter what this stock does. I am only stating this to try and make a very important point here, which is about this company.
That is to say that in all my life, and within all the junior companies I have ever owned, I have never seen a better Junior Gold Management Team then what we have right now with Golden China Resources. I will repeat! NEVER!
I don't judge this alone on qualifications. I judge this on the things I see this company doing, and what they are trying to accomplish, where the under line in all this is always to try and increase their Share Holders Investment. All companies should try to do this, but very few ever do.
This is of course only my own honest opinion here, coming from a guy who has had a lot of experience in theses matters. These guys have shown me they care about their investors, and until I see it different, I will believe this, and back them to the hilt. So if I seem annoyed and someone who randomly states this management does not have any direction, you will understand why at least.
Whether you choose to believe me or not is up to you, as really I could care less what you do with your own money, or your shares. I am just sharing with you my own honest thoughts and opinions on this subject, in hopes of helping out even one true young investor here.
Is there better companies out there right now? Not for me!
Goldbuggy2