RE: RE: WELCOME TO FARCEBOOK?Supercycle, thank you for directing me to SEDAR to get the financial information. I will do that this weekend.
However, concerning your reference to "the diehards (who) want to follow this group to zero", thank you for your wishes of good luck, because I count myself in that group.The "rollback" you refer to has already happened, as I see it, from 0.50 to 0.05. How much more down can down be? I guess, zero. But that's unlikely. AZG is on to something, for sure!!
What keeps me interested in this beaten-up, battered and down-trodden company is that in Hole #005 (I think) they found results greater than any found in the history of the Silver Valley previously. Now, to me, that suggests that there is more to come. Birds of a feather flock together, they say. So, why wouldn't metals flow together too? When this old world was molten and cooling, would not metals of similar viscosity run together? So, I submit that Hole #005 could not have been just a single small puddle of high grade, "Jeez, look what we found, guys!" metal that the drill bit ground into by accident. By my logic, there must be more similar high-grade metal in the neighbourhood too, no?? Or, how did the puddle get there?
David Morgan (Silver Investor.com) and David Bond (editor of The Silver Valley News) are shareholders and know the Russell and Rice families personally. They continue to hold - why shouldn't I?
As far as AZG accounting goes, in this world of unsustainable deficits, predatory taxation and big brother regulation, why wouldn't a company, in it's growth stage, not try to juggle its accounts within the parameters of what is allowed? So they failed, I don't know, but what concerns me is not how they write up the books and the numbers, but how they get what's in the ground out, and how they find what more is down there and plan for how to extract it in the future. All the bills will be paid if they find what they are looking for, and we, the long-suffering shareholders, will be paid back for our faith in their capability many times over.
Obviously, you are done with AZG - you have said so - but I confess to being a holder of a fair sized position, (relative to me) which I intend to keep, come what may - ride it down, or up, I don't give a damn. Therefore, I am conflicted in my comments. However, better people than I am are still in this stock, and I think that they feel they are on to something big. May the God of mining smile on us all!
And good luck to you, too, in all your future investment decisions.
May we all prosper.