GREY:HRIVF - Post by User
Post by
metalmaniakon Sep 12, 2008 3:38pm
549 Views
Post# 15452864
Lots of things happenning
Lots of things happenningThe key here is that the present management s no longer in control. New BOD members represent Sprott and the big shareholders (4), Farquharson, Crowe. 6 total.
The members of this Committee are: Messrs. Sinclair, Lyons, Buchan, Crow and Farquharson, so Mosher who is the CEO is not even on the committee.
Whalen is gone completely from the BOD, while Mosher remains only as a ghost.
These guys have rune the company to .50 which is truely unbelievable, as they had 100 mil in new cash only 8 months ago, and two brand new mines.
What now?
The company is a joke at this mcap as it was at 1.70 which unfortunately is my cost.
I added last week a bit and added at .60 today to get the cost down to 1.50, but am still quite angry at the bozos who ran his thing.
All in all, this is an unbelievable buy and will likely triple or quadriple within 6 months on a buyout.
Look for these financial guys to strengthen balance sheet by reorganizing debt, selling Chaya, PLG. There is no way Sprott would have allowed for a new share issue at these levels so no chance of a dirt cheap financing.
I look forward to some really positive developments shortly and a quick run to the 1 dollar level.
Then, please!!!!!!!!!! don't sell it cheap.