GREY:VITFF - Post by User
Comment by
eldrecoon Aug 13, 2011 6:07pm
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Post# 18939337
Catalyst By Yr End That Could Move Stk
Catalyst By Yr End That Could Move StkHi there, Holeintheground,
Read your post a couple of times - can sense the frustration - as many of us feel too, no doubt.
Quite agree that the company's record on release of news has been more than a bit spotty for the last year or so. I do think, however, that the giant hic-cup happening in the markets the last couple of weeks would give any company pause about how to time a news release (I saw several really good ones go nowhere - and perhaps undeservedly so). The choice of timing a NR on a Friday...never a good day to release, unless you are trying to bury it...but maybe THAT was the intent. Certainly wasn't couched in a style that would indicate that they are proving up the resource field - kinda just read like ho-hum (and I don't think that is quite true). Can't really comment on the missing drill holes, altho' do find it curious that some sort of statement did not at least put them to rest.
I have also been wondering about why the AGM was going to be up there in the Yukon - seems a bit daft, unless there was a move to include the various first-nations groups at the meeting (who most often get left out of such things (because they happen in the south)...and in today's terms, these relationships are such a vital part of the process). If this was indeed the plan - then it was a bright move...but with no communication (or open statement of welcome to those groups), one could hardly give the executive team credit. On the flip side, having slotted the AGM for up there...if management missed this great opportunity - then they are really not very clever at all.
It does seem to be coming down to communication - or the lack of it - that is starting to rankle a number of folks that I talk to. I visited the VIT website the other day - was stunned at how it had taken such a remarkable step backwards...really a bush-league interface now. If we had a website in my business like that - we would be dead in the water. There is simply NO substitute for information - it greases the wheels.
Like you, I was very saddened to hear of the departure of Raul / Marcus / Chad - these were the guys that got me in to this company in the first place. But yeah, as the saying goes - The King is Dead...Long Live the King! Well, I am still waiting to see if John Mc is going to wear the crown.
GLTA.
el d