GREY:ADAIF - Post by User
Comment by
CarefulEyeon Dec 21, 2009 11:16am
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Post# 16607059
RE: When?
RE: When?Thanks for this, Nugget. I wonder if thought has been given to spinning off the gold properties, as proposed a couple years ago just before the markets collapsed. The only realistic hope for long-term financial success is to develop these properties. A fresh start, with the sole focus on gold, might inject new life into this moribund enterprise. Fold the current meandering mess, granting one share in the new exploration company for each ten currently held in ADA, for an initial float of 50,000,000. Then divest all other assets unless they remain essential to the advancement of the new "Acadian Gold." No more barite, no more Royal Roads, no more forks in any plate except that containing the gold properties. Far-fetched? No doubt. But something along this line can be worked out if there is a will to do so. The staus quo ain't attractive, hence the $.07 stock price. I'm severely tempted to dump my final 300,000 shares, but will give the company a few more months to provide concrete evidence that there is reason to hold. At the moment, mainly because of the obscene number of shares outstanding, there is precious little.