Panic Breeds PanicFirst off i would like to wish all on the board a very Merry Christmas to you and your families. It has been a tough year for those of us who have been around a while and I hope you have all been able to let go of the stress at least for a day or two. Lets hope next year the tides will turn.
I would like to thank Tobinator and Rcihernow for their well thought out and informative posts. I think i speak for many of us here who are not very well versed in the intracacies of mining that we appreciate their wisdom and insight on these more technical matters. I hope you continue to post so that others can benefit from your wealth of information.
i'll be the first to admit i am one who has been caught up in a wave of panic over the latest confusion. And this isnt the first time this has happened. In fact it is 3 or 4 times now in the last few months that an NR has failed to properly convey information and a wave of panic has swept this board and others i'm sure. I dont think there is any excuse for there to be this confusion, but by the same token i don't think jumping to conclusions and spreading them as gospel and breeding panic serves anyone. in fact it may serve to only drive our SP down even further. Don't get me wrong, i am just as irate, queazy and scared as the rest of you.....i just think we can all get overly caught up in it and it becomes this growing monster that prevents us from seeing the whole story clearly.
So where are we? What is the story? None of us know the whole stroy. But perhaps collectively we can put together enough chapters to make an educated guess. I will leave the technical/scientific part of the story to those who have a way stronger grasp on the intracasies of mining than I do such as Tobinator, StockAngel, Richernow, and others.
So what do we have.
1) TGMIR have visited the property many times and continue to fund its development. I doubt as though a prestigous educational institution would delve into the mining aspect of the industry, and continue to do so if the property was a dud.
2) A high up official of TIGMR is now a meber of DLKM board of directors. The most important thing to an academic is his name and reputation, i dont think he would want to be associated with anything except a world class property.
3) Bob M, a man dedicated to ruining Harp and DLKM has stated this is the best property he has seen in years.
4)We have been in this postion before with DLKM. Where we have been confused by NR's or broken promises unmet deadlines such as 8-k's for chinese money, property aquisition etc etc. They all eventually came and the matter was resolved. There is no reason to assume this is anything other than poor communication again and it too will be cleared up eventually.
5)Tobinator was kind enough to remind me that Ross McMaster, another expert in his own right, has stated on video (available on the website) that this is a fantastic multi million ounce property.
So where does that leave us. Either
1) This property is somewhere ranging from good to phenomenal and there has just been a very poor level of communication from management leading to much uncertainty.
2) This property is a dud but it has somehow managed to fool many experts in the field.
3) DLKM and Harp are crooks and liars but have somehow managed to hoodwink some of the biggest names in the industry.
I think in the grand scheme of things those are really the only 3 options of what may be going on. I think option 1 is the most likely which means we will be ok in the long run. We just have to hang in there.
Does that mean i find the poor/confusing information coming from management acceptable. Not at all. I think it is irresponsible to its invesotrs and it needs to stop IMMEDIATELY. Harp et al may have great mining minds, and they may be great at getting the finest experts in the world associated with their project, but in this world it is just as important to be able to efficiently communicate with the market in order to be successful. DLKM if you are that incapable of conveying clear/concise information to the market, GET SOMEONE WHO CAN!!!
I believe we will all be ok if we hang in there and not sell into the panic. but it may not be a pleasant ride.
Once again, Merry Christmas all.