And none of this excuses.... And none of this excuses management from delivering.
Our share price lingers.......for by this point in time, we should have had the following closure and execution.....
1) our JV with XDIP should have closed by now
2) the bank account should have been thoroughly inflated by now
3) nice to see a vast field/drill program in West Melville/Anik, but the market also needs to see the securing of the necessary funds to complete this program
4) a FS was to be delivered by now
5) an extensive field/drill program should be underway at Tuktu by now.....to the tune of $10 million or more
6) an extensive field/early works program should be underway by now at Roche Bay.....to the tune of $10 - $50 million
So, is a
.30/share, or a market cap of $45 million justified?? Perhaps in these weak markets and lack of execution. But even without the above noted items, I think we should be garnering a slightly higher valuation.
But, each and every one of those above stated fundamentals could be delivered in short order. And our market valuation would reflect such execution and development. I am not of the camp that our management has fallen asleep, but I am not convinced that deals could not have been executed differently and in a more timely fashion either.
The company has hinted at much in the last few months, but we linger without clarification.....on what appears to be very positive developments.
I was hoping to retire in my 60's.....and not my 90's.
:)