GREY:PCGLF - Post by User
Comment by
Snegamookon Nov 16, 2010 12:50pm
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Post# 17713372
RE: RE: UNBELIEVABLE
RE: RE: UNBELIEVABLEThis junior gold company has one of the better prospects but seems to be blowing money to the wind. The 43-101 report on which the initial money was raised layed out a sensible programme of work for $18 million that would have had the property in production by now. Apart from the recommended deep drilling, nothing else has been done. The salary the ceo took down of $220,000 is quite out of line and the fees paid to the consultants who run the job are eyebrow raisers. I have confidence in the property but not the management who seem to regard the project as a gravy train. I'm surprised the larger shareholders and directors put up with it. I'm anxious to be a shareholder but not int he company as it is.