GREY:ADAIF - Post by User
Comment by
donmc70on Jun 26, 2008 9:09am
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Post# 15231141
RE: Acadian Mining's Annapolis changes offering te
RE: Acadian Mining's Annapolis changes offering teThe unrenting optimism regarding this stock is surprising to say the least. Great expectations preceded the TSE listing, the provincial approval, the commisioning, the initial shipment. Q1, then Q2 (which has already lower expectations) the gcorporate buyback, etc.. Now the spinoff turns out to be less then expected. Sort of like the no dilution financing promised. Supporters will always have a reason but eventually they just become excuses.
As for two salaries, that is irrelevant as the pattern will likely be to just issue options. This is looking more and more like a spinoff to pump and dump and try to hook a fresh load of bagholders. Sure we can all remember the hysteria here when it was considered unbeleivable that the stock was below a buck......remember the fill your boots recommendations. Granted they were technically right in stating that we would never again see ADA at 1.00. Only ones right were the much maligned shorts. Maybe the lack of response to Annapolis indicaties that the pool of bagholders has diminished. Why not just produce a couple of good quarters, repair the reputation as best as possible and increse the price by performance instead of promotion.