GREY:ARGEF - Post by User
Comment by
canada7on Jul 20, 2011 3:55am
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Post# 18850413
RE: Insider buys 50,000 shares
RE: Insider buys 50,000 sharesKBRG:
I guess one of your requests is surely satisfied by the 2nd insider buying. I am confident that other things will be even better.
Yes, there are some mistakes done by the previous management, and all of them are either corrected or being corrected at this time. Insider buying is one of them, more PRs as we saw recently is another. Did you see that the management do not release any deadline these days? Also, did you notice that the company no longer listed the resources as reported in 43-101 in their PR now? These are positive steps that the new management have taken in the right direction.
The new management is far superior and much more efficient than before. Of course they keep us in darkness until they are ready to tell every one at the same time via PRs. This is the right way to do and they are doing right now.
While we wait for the news, we can easily infer what they are doing now: the PEA and mini plant. Even with extraordinary processing cost (50%), each tonne can still make $350. That is a lot of money to be made with that kind of number. My speculation is that the processing cost will be lower than 50% because with that kind of cost, 99% mining company will bankrupt. Even $200 per tonne cost will make most of mining companies to stop their mining operation. Hopefully the processing cost will be lower than 50% ($350).