Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

JIMINEX INC V.JIM

"Jiminex Inc is engaged in the business of locating and exploring mineral properties."


TSXV:JIM - Post by User

Bullboard Posts
Post by oilandgaswellson May 27, 2011 6:37am
554 Views
Post# 18633071

This is very good news

This is very good news    I know everyone wants the results out..but...put yourself in the position of management and the BOD. they are RUNNING a company, not placing bets at a casino. Their responsibility is to create long term value for shareholders (ie, find a mine).
Situations like this one are golden opportunities for Companies like JIM to finance current and  future exploration. I believe this all centres around a financing that may well be in the works in the .20s. Releasing incomplete and out of context results creates a short term run on the stock at best. At worst it creates uncertainty about how big or small this find may or may not be. For an example, see Beaufield(V.BFD) last september. They released assays and grades WITHOUT clarifying width. The stock ran up, then sold off leaving investors wondering what was really going on. it hasn't yet recovered.
If you do not trust management and the BOD to make the best decisions on behalf of shareholders, sell and move on. Why would you own a company with management you don't trust? If you do trust them, be patient and grade their performance based on what they do or do not accomplish. Investors invest, speculators bet. Don't let the gamblers drive the agenda.
GLTA
Bullboard Posts