RE: Where is the Supporting Marketing StrategyThis is a hard one to call at this juncture, largely because of the management teams seeming inability to get their act together. Always an excuse, after the fact, but little in the way on organized marketing and promotion. Generally speaking, both vital with these sorts of situations, unless you get lucky and hit the jackpot in terms of proven reserves, able to be mined on a profitlable basis. There does seem to be potential in the properties, along with an unbelievable ongoing market in terms of demand and prices for almost all commodities. However the history here seems to reflect an inability to achieve investor returns, with dilution, mediocre deals, and very poor communication more the rule, and excuses for same. The last round of screw ups speak for themselves, and may well result in further actions taking place, stay tuned.imo
So where does that leave one. Well, depending upon just how bad you see this crew, it just might be a contrary investment at this point. If the metal prices stay high, and they mange to actually get a deal and retain some sort of reasonable equity in the resulting output, while keeping costs in line (a question one has to ask here given managment ability or lack of it, depending upon how you view them) then maybe we get some action. A FAR better plan would be to sell, or get much more aggressive management, in my opinion, as these guys treat this company like an employment agency, as I see it. But still they may, just may pull something off, and may, just may actually promote and market. And hey, maybe they actually strike something big! Other than that, its a very long running shaggy dog story, unfortunately as the stock has reflected.
Do you folks really think anything will change????? If so it is a buy. If not??? Luck more than much else. But with a market looking for stories and flying at all time highs in some respects, certainly with what they have had, they could, in my opinion, have had this stock at far higher prices,struck much better deals, and made investors very happy. But they are in their OWN world, in my opinion, with a very severe lack of communications abilities on ALL fronts. The management: results count, excuses are lame, imo.to date.
I see it as a buy under .10 and a sell over .18 eos I expect more selling as current shareholders, who did not see the news think about this situation over the weekend, baring any REAL news. Not the blah blah maybe, might, could, pending etc one expects here.