RE: Press Release Source: Adanac Molybdenum Corporred6464:
"Great idea lets work on the
web page perhaps a new paint job for the bathroom to. My dog could make better use of its time and I don't even have a dog"
Most companies want to come out with something during market turmoil. Granted this news about an updated web site is pretty useless information, but I really don't think this is really what this news release was about, expect maybe on the surface.
Why bother updating a web site for a company that won't be around? They must be pretty confident that things are progressing well. And remember I'm sure the management are not wasting their time with the web page, you outsource that kind of work.
So to me, the essence of this news release was:
"new website which will be state of the art and reflect the positive nature of Adanac as we gear up for the next stage of project funding for Ruby Creek the most advanced large scale open pit primarymolybdenum mine in the world today"
Obviously the CEO has a positive outlook, and we know he has the experience to take a project forward. You have to know the senior management are working on something, and it isn't a web page. I'm curious why they aren't talking about their plans though. Ever since Larry Reaugh left the company has been tight as a drum regarding what they are doing, but from what I can see they have the right attitude and are working hard to succeed. Considering everything, can you ask for more? I guess you can, but it wouldn't be fair; the markets and financial crisis out there make it hard slugging.
Good luck to all,
x