RE: Pirquitas
PeaceCountry,
Like so many other stock investments today, this one in particular seems to be having much more difficulty proving something positive may come of it. I would hope the news Todd mentioned should be out in a few weeks will be the community agreement for Perquitas, as AHC certainly can’t handle much more bad news. In my opinion, I believe most of us were under the impression the ‘community agreement’ would have been in place when the company lined up the last two financings. I also believe most of us thought the majority of those funds raised were specifically earmarked for an exploration/drilling program on the Perquitas Property, once they got the community agreement. As the latest financials reveal, the three and a half million dollars raised is all but gone, leaving the stock price at lowly .035 cents. It seems even management has given up buying at these low levels in support of the company they oversee. Not a positive sign. It appears the company brass is certainly having a difficult time proving to investors they really know what they are doing.
Now desperate and in need of another financing and facing major dilution at these low levels to carry on in some capacity, shareholder value will be hit hard again. It will be interesting to see if these guys can pull something off to restore some credibility and move this stock forward.
From what I have seen to date, I am more than concerned that if management go out and get another financing before they receive our community agreement for Perquitas, it won’t be any different from the past, and those funds will be spent long before we ever see a drill program put down.
Best
Nickel