RE: RE: RE: Merril Lynch still accumulating no...you have virtually zero chance of making the return on your investment you deserve given the risks etc. unless you are prepared to play the game as the pros are playing it.
The biggest incompetency shown by GBB's management to date, imo, is not the poor press releases, is not somehow missing that there was historic data for higher grade at deeper depths, and not the missed deadlines that erodes confidence...no, their biggest incompetency was not following a strategy that made them independent of the capital markets as soon as possible.
Instead, IMO, they got seduced by the desire to prove a big deposit and achieve a big market cap. That's the vanity strategy. and it has massively backfired.
The only lower risk way to build sustainable value and enable it to be REALISED for your shareholders is to put yourself in the powerful position of being able to choose whether or not you want to work with the capital markets.
IMO, the actions of the BOD in 2010-2011 have set this company back 2yrs+...and cost shareholders 30-40% of the upside potential...I hope they have learned their lessons and can start to regain some of the ground.
all IMO
sjm