GREY:RGVNF - Post by User
Post by
stocktalk2on Nov 15, 2009 1:10pm
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Post# 16488334
dogone
dogoneGood post, but really, I don't hate Wolfgang. This is not about emotions, it's about fundamentals. When I look at the fundamentals REV is in much better shape than EUGS, those are facts which should not be taken lightly.
I do agree that Wolfgang's proposal in the beginning appeared to be a great deal for REV. However when you peal back the layers of that onion and you see Wolfgang's track record one must realize that does not create shareholder value fundamentally. No question he is a better promoter than REV's CEO but as we have seen those are very short lived upticks and you better get out fast because of how recklessly he prints shares. Just too many people trying to get off cheap paper in his deals. Again, when you look at the fundamentals of EUGS they are horrible by anyone's measurement.
I don't know what Red Mountain is worth, all I know is what the group out of Texas said it was worth after doing a feasibility study when gold was worth about $300 an ounce. All I am saying now is IF that was the case, shouldn't Red Mountain be worth a lot more today if that is the case? When it comes to REV's working interest in the EUGS concessions in Poland it's very difficult for me to understand how a company or a promoter like Wolfgang cannot raise money to develop the asset when Europe has been held hostage by Russia. Were'nt we told about 2 years ago that Aurelian had committed to a seismic/drilling program to retain their interest. Did they live up to that agreement? What were the results? If the biggest utility company in Germany, I believe that's RWE had such great drilling success and Wolfgang and his brother are so connected in Germany, why couldn't they do a deal with RWE. Remember, they're were rumors that Wolfgang supposedly turned down a deal with RWE.
So, I do not have an emotioanal opinion of Wolfgang, just a business opinion.