GREY:GDPEF - Post by User
Comment by
3woodon Sep 22, 2008 12:03pm
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Post# 15474865
RE: $4 -$6 Now
RE: $4 -$6 NowThis is the same question I've been asking Leigh and the company for months - why isn't someone stepping up to the plate to make at least an introductory offer and if a short term windfall in SP is possible ( we're told longer term it is enevitable ) then why doesn't the market react. In very simple terms if I told you I would give you at least a $5 bill and maybe a $10 bill within a year who in their right mind wouldn't give me a toonie now. In the past I had conversations with Mike where he told me outright GL would NOT entertain an lowball introductory offer because the costs of processing that offer would be too great - from what Leigh has said I think they've changed their mind on that point but for the life of me I didn't understand that logic. We were told a long time ago the majors didn't even want a 43-101done as they really didn't want the potential quantified for the whole world to see but would rather buy a smaller amount of very probable gold and then exploit the resourse in all directions to maximize their return. I don't profess to have the asset knowledge or writing skills of either you or Leigh but this really isn't rocket science. We know where the gold is - we have to documents with the government to extract it - we have a pretty good idea how much is there plus or minus - we have access - we have stable demand - we know value of the end product ( again plus or minus ) - we are in contact with interested parties. Really what is it that is unknown that is acting as a barrier ? I would totally understand if the majors only thought it was worth a buck or two but we're told by Kieran that the fundamentals suggest value much higher maybe $15 - somebody has to be wrong - Kieran or the teams from 7 different majors ? Everyone is greedy -if they thought by acting first they MIGHT be able to get for a song they would have submitted a bid - it makes no sense that they would all embrace the same stradegy. Thank you NF2 for submitting such well written logical questions.