GREY:ATNAQ - Post by User
Post by
the_ocotilloon Feb 02, 2010 6:53pm
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Post# 16745797
Really abhor Atna management....
Really abhor Atna management....Try not to be one of those people blaming management for their poor investment decisions, but with Atna (by way of Canyon) I have gotten extremely used to being dissappointed with this stock, and specifically with the management (anyone who was a Canyon shareholder when Hesketh basically gave the company away to Atna should be able to understand where I am coming from).
It seems the January 28th press release covered everything that Atna isn't responsible for, yea I know it was a press release specifically for "Exploration and Venture Projects", it said so right in the header! But would it have been so difficult to give some color on what is currently going on with Reward? The $14.5 million in "high falootin' gold bonds" were placed in early December. We are almost two months from that date and I have no idea if they have commenced construction at Reward or not. How will they get production from Reward in 2010? ....answer, they won't!!! Are we waiting to see what happens at the Pinson project before we spend the money? And have we reached the 40,000 annual production rate at Briggs yet? In 2009, It was one trivial press release after another (in regards to Briggs). Now that it is producing, not a peep from management regarding the operations there. It's not that big of a mine that more timely updates can't be provided.
IMO, Hesketh does a poor job running a company.