GREY:MLKKF - Post by User
Comment by
jims101on Mar 05, 2009 9:02am
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Post# 15822244
Iivscruffy RE: Site Visit
Iivscruffy RE: Site VisitYour were similar observations to mine with regard to the site visit...Phase two being on the back burner??? Exactly, what was the recently raised capital money for...? Getting phase two up and going prior to mid year was the only way I saw these guys getting through.
Copper production costs rising and Moly production is all over the map with various "ifs and or buts.."
These guys, the management, just plain blew it...There is not other way to look at it...They had their heads in the sand with respect to what was happening to the copper price while they concentrated on the build out of phase one with incorporation of certain elements of phase two..THE BOMB that was sitting right in their office was what would happen if copper nose dived, which it did.. They failed to take action to protect share holders from what has now become nearly a complete washout...
Sorry to say that even with everybody's best intentions this great opportunity is all buy lost, the way I see it.. Happily I have very few shares left....an insignifant amount....just this page bookmarked for Stockhouse....maybe I'll change that....This is entirerly too depressing.
Where is the full year's earning report....?