TSXV:SLX.P - Post by User
Comment by
ngobeon Apr 11, 2011 12:30am
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Post# 18411959
RE: Re: To the moon
RE: Re: To the moonThat is totally unrealistic. The management has had about 5 months to improve the production and we have seen no change in production since the merger (i.e., still half-capacity). Many excuses / rationalizations have been offered including waiting for a higher silver price / waiting for mine rehab, etc. etc. Well the share price should tell you what the market thinks of that nonesense. They could have even gone straight out to drilling while preparing the mine or some other plan (marketing, etc.) showing what they are active and accomplishing. Remember this was supposed to be ''the A team'', the savior of Genco (read Anderson's interview back in November), the one that was going to ''open doors'', the silver mining specialists with great ''pedigree'' and ''credibility''. Well they have been losing credibility since the merger. Just be fair and compare it with any half-decent silver company out there (most with much less pretentious) in this market. The market is judging and unfortunately they have been taking shareholder silence as license to continue status quo. Call them like I have and see their arrogant state of denial. May be you can bring some sense to their narrow minds where I could not. If it fails then I hope you question their motives as I am starting to do.
Thanks for the numerous well-articulated posts on this subjects. It appears to me as a breath of fresh air compared to the suffocating non-critical atmosphere of this board around the merger time. Let's make sure the management realizes that the honeymoon is over. Trust is to be earned not squandered.
GLTA