GREY:GDPEF - Post by User
Comment by
3woodon Sep 07, 2010 10:45am
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Post# 17419491
RE: RE: RE: Extorre Gold (XG)
RE: RE: RE: Extorre Gold (XG)You said a very bad word " promotion ". I few years ago i suggested that company was about to launch a promotion ( actually I repeated what had already been posted ) and got my head torn off from mgmt and others on the board. The company arrogently maintains that their results are so good that any money invested in a promotion is wasted. At the time they supported that position by their institutional stockholder base and stance that the " majors knew the geology inside out " ( thats one of the reasons a 43-101 wasn't required ).
We all know how that position worked out so hopefully they're open to an new approach this time. Only time will tell with this mgmt team; there really isn't any way to predict what action they'll take. Here's hoping for good results this week - their year end is done, summer is over, Cannacord has very few shares left, gold is up, Kieran is in town, spring is coming in SA, unless the lab went out of business and didn't tell MIke Feburary results must be in. As far as I can see all the stars are lined up for a NR but then again this is GL so you never know.
Have a good day and good luck.