RE: DeadCrock is back with a valuation LOL - every one is entitled to their opinion as you are and if I want to believe a Dick is a Dick well I guess I am entitled to that opin as well. The day you offer up some good info or one of Your recommendations instead of this incessant whining then that will be the day I really pay attention.
To the other Posters, Lurkers. As I have said before this LOL is here for some other reason. My gut feeling is that he probably is the one who came in on the hgh priced shares especially last spring when the rumours of the MP and a suitor were hot and needs to lower his cost here.
The market has changed and unfortunately we have been hit by a spate of bad luck called "timing". If the MP hadn't been delayed then I would say we wouldn't be here today. Then as that got sorted the Argentinian govt came out with the Decree. More bad timing. Then gold, our investment saviour, decides to head south in the fall. Yet ,more bad timing.
My guess is that we(our shares) are still interesting to a number of companies, but unfortunately not nearly at the level they would have been a year ago. Unless the mid tiers and large caps get really hungry and less afraid of the world financial markets then an offer if it does come is going to be significantly less that what it could have been. That has nothing to do with mgmnt and everything to do with the state of the world junior resource markets. Say what you want about mgmnt but I think I would rather have someone who has been through this before running the show than someone who hasn't. It is just a nasty game out there today and I would rather have experience on my side. I think a smart manager would seriously be considering taking this to production and taking the $1600 gold to their own bank instead of giving away the show today at these prices. This is a high states poker game and requires nerves of steel. Not the time to cave and not the time to give away your shares to incessant whiny Dicks. No names given.
AW2