ALL GOOD BUT Almost all of the posts lately have been good. However what is new and what has Management told us is new and are things going to happen soon or is this like we will be producing gold in 2013,
The major question is all things are positive, however there is a burn rate at or above 10 million /year with no drilling, so when do the shareholders( and not the management) get some return on their money . If it is 2016 (president and CEO will have made a couple of million by then),shareholders have lost almost all, if 2015 shareholders a 50;/50 proposition, if 2014 shareholders can make a little money. Remember the old adage Time is Money. This was supposed to be in production by 2012(4th qtr), all delays cost all shareholders more and more money.
Oh and by the way Management tells us nothing, remember in mid December BFS was still on target for 4th qtr. Never an explanation only that it is now to be 1st Qtr 2012 ( only six weeks away) I wonder if Management will finally make a self imposed deadline, or will it be yet another "OH WELL" we missed and lets tell them another story.
As you can tell there is starting to be real frustration here. May be I can do better and get a job as IR manager, at least I will be on the upswing and not floundering like the shareholders.
If anyone has a direct line for the Senior mgt, ask them and lets hear their respone, the silence is loud and getting clearer everyday.