GREY:CLGRF - Post by User
Post by
iknyon Sep 20, 2012 4:00pm
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Post# 20392570
management failure
management failure The failure to announce quarterly results is a management failure, not a mineral failure...I know that mining is fraught with unforseen occurences, but good management can sidestep some of these occurences...with that said, if they can at least produce 50K oz. in 2013,they will benefit from a hefty increase in the price of gold,,,and if they can come forward with some positive news AND reduce the exorbatant cost per oz. the share price will go up, but nowhere near what the intrinsic value rests underground.....8 to 900$ per oz...my grandchildren can do better with their pails and shovels.