RE: Canaco and realityThe reality is, management has dropped the ball big time. What you refer to as speed bumps beyond their control. can also be seen as cause for concern. They have been on an accelerated drill program since two financings ago. Yet with all of the experts on staff no one thought of making sure they had enough labs? Then they issue a release saying the problem was fixed, and it certainly does not appear to be fixed. Meg Brown stated in her response to another poster that they were visiting all of their major shareholders is another indication that they have forgotten about retail. And again the promise before about a steady stream of news. We will believe that when it happens. If in fact they have one of the largest drill programs in Africa as mentioned by IR, they are also running one of the wimpiest drill programs. You mean to tell me they cannot go to labs and get priority based on having one of the biggest drill programs in Africa? Use some of the $100 million and get some results. Maybe the problem is they are trying to run the program from Vancouver. Maybe senior management should go to Tanzania until the problem is fixed.
I will give Andrew Smith credit for not selling shares, unlike some other insiders, so he has taken lumps like the rest of the longs.( but he doees have alot of cheap options) However, maybe he needs to step up and make some necessary changes in his senior management team and get things done. Can we expect the same type of delays with Tigray results as it is mostly the same management?
Great property needs more than management with good intentions, especially in this market.
ALL IMHO
GOOD LUCK TO ALL LONGS