GREY:GRFJF - Post by User
Comment by
__D__on Aug 28, 2008 2:31pm
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Post# 15417147
RE: BNN mentions WGI
RE: BNN mentions WGISure... it could be/should be worth $3
But are you concerned that managment will try to cook up a deal to buy it's next mine.
They have said all along that this "high powered managment team did not sign on just to run this little mine"
My concern, and I have a sizable position (for me), is that they will not wait for the stock to reach it's fair value.
One day out of the blue we will hear that they are doing a financing, diluting the shares, and buying a property.
Then we can all say "boy... this stock will be worth $10 in five years" while the stock languishes at $1.
This is the potential down side that I am concerned about... I do not mind one bit waiting a year for this mine to prove it's self.... but I do not really want to wait for the next one.... oh and then the next one.....
Does anyone else have an opinon on this senario....
(secretly hoping someone can put this concern to rest...)