GREY:RGVNF - Post by User
Post by
stocktalk2on Nov 12, 2010 11:45am
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Post# 17698569
RedO
RedOYou say this is the same old REV. Here are the facts:
1. They have raised money to drill Red Mountain
2. Did the summer drill program
3 Raised money to purchase the Louisiana property and drill a well
4. Drilled two wells to date
This is the same old REV that did KX1000? I don't think so, and it's shareholders like Dog that have called management to account for their actions that has helped refocus management on, first, the asset they had right in their hand ( Red Mountain) with gold increasing that asset value via the climb from $300 to today's $1400 an ounce level.
While we do not know the results ( and yes it's frustrating for everyone, including management) at least the company has raised money and put it to work. There are no gaurantee's we are going to have great results but without raising the money they did AND (let's give credit where credit is due) Pilgreen's connections in the Louisiana oil patch we wouldn't even have the opportunity to be in this deal.
Let's hope we all have a very Merry Christmas after the results come out. Until then, we don't have anything to talk about.