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Symbol changed to RYSMF RYSME



GREY:RYSME - Post by User

Post by teetogrnon Jun 14, 2011 12:23am
346 Views
Post# 18710591

Another Year Gone By...

Another Year Gone By...
April 17, 2006  Share Price was $1.42 and gold was around $600.
June 11,2010  Share Price is 0.09 and gold is around $1220.
Today, Share price is 0.07 and gold is around $1520.
I found this press release from four years ago...
Royal Standard Minerals Inc. (“RSM”), June 4, 2007, Manhattan, NV- Royal Standard Minerals (RSM.TSXV/RYSMF:OTCBB) announces its first gold pour with its onsite smelter from production yields approximately 30 ounces (934 grams) of gold dore’.
Can somebody explain what is going on?  I thought there was lots of proven gold.  i thought we were ready to pour four years ago.  If there is gold, why aren't other companies knocking down the door to get it if we are so cheaply valued?
This is frustrating.   As a shareholder, you do your due diligence, etc. but at the end of the day when you purchase your shares there is an element of trust that must exist.  I trusted that this management team would do their best to build this company and raise the share price.  Is this happening?   Are people actually working everyday to make this happen?  What are they doing?  Is it unfair to be asking for some type of an update?  It doesn't even need to be a PR, just some type of an update on the website.
Does anybody have any information as to whether there is still hope or is this a total write off?
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