GREY:ARGEF - Post by User
Comment by
morriconeon Jun 02, 2011 1:13am
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Post# 18660282
RE: Morricone
RE: MorriconeThe pick up in the stock price over the last couple days is pretty much solely because of this conference call. There has been no news developments other than the 43-101 release which flopped about like a wet noodle and was presumably not well received. This does I believe show that the company has done a terrible job of communicating with the investment community - no one really knows what's going on with virtually no news releases about anything lately. Perhaps if they had done this and more a month or two ago the huge slide in share price might have been somewhat avoided.
You're right, I forgot to mention the board appointments that were touched on and probably one or two other things. The takeover thing has always puzzled me. Why hasn't the company put a poison pill plan in place? It's not rocket science, lots of companies have done this. We have to bring on board new directors to re-invent the wheel? The comments that any takeover is not likely in the forseeable future is not surprising. If shareholders don't know what's going on then neither do companies that might otherwise be interested in us.
"....if you dont believe in it enough to tell your friends... you likely should sell your stock."
I don't believe in giving investment advice to friends and relatives and simply don't do it - nor in turn do I appreciate others giving me unsolicited advice (take the hint).