RE: Next Support...?!bobisnotmyuncle:
"In the beginning of summer, AUA said that the financing will be in by the end of the summer. (I assumed that it meant the summer of this year). The deadline for near $100 million is on January 31. Considering that it usually need a few months period for due diligence. The financing must be in at least in its initial form. But, financing probably needs the equity investment and off take agreement with a strategic partner, which needs another three to four months due diligence. Unless we hear something fantastic in a matter of a couple of weeks, we are basically talking about a technically defaulting company.
No question about the quality of the reserve.
But, at the same time, no question about major management problems. More precisely, no management.
By the way, for those few who know all and demanding others to go away...
I note that you easily use such expressions thick skulls, idiots...
Your behaviour is nothing but a result of difficult childhood.
If you want an insulting match, bring it on.
We jus would like to share some opinions here and make some intelligent decisions. No room for such immature territorial behaviours. In any way, if you are interested in making this bulletin board into your insulting match demonstration ring, remember that you will be insulted too. Others stay away from making insults not because they do not know how, but, because they are mature. Once you start the game of insulting, probably you will find that we are many times better at it than you are not unlike we are better in investing."
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I found your rant fascinating! First off, Adanac borrowed $80 Million not $100 Million. So inflating the number to $100 Milion because it looks bigger was your first mistake. You assume most longs here are clueless, however most have eyes wide open and are battle hardened by really bad markets and crushing stings of bad stock prices. Don't think your general news or replying to guys like tigars give you credibility. Obviously guys like tigars gain somehow from bashing companies, but how I'm not sure. I prefer the more neutral approach, trying to weigh the positives and the negatives.
For you to say that Adanac has no management means you haven't even done precursory due diligence. Hardly a sophisticated investor that you claim to be. It's laughable. You haven't even bothered to read the last 5 news releases I'll bet. The guys that are running the show NOW are quite experienced. Does someone pay you to say such things, or do you and tigars (possibly the same person) do it for kicks?
And who is this WE you refer to in your post? As far as I can see it is only you, unless you consider other posts you make under other aliases that pat each other on the back to be part of the "WE" you describe. :-)
I also LOVE how you have arbitrarily chosen two weeks as the time Adanac needs to come out with fantastic news. I guess you are the Adanac God of knowledge and all should bow down to you. hehehe
You are too much. Thanks for the laughs.
Later,
x