RE: RE: News.... WOW! I am clearly amazed at how retail investors take any scrap of news, see the positive in it and get all excited. History be d*amned, nor what it clearly shows! Drink the Kool-Aid fellas, the gold bull will slow down at some point and McMillian will still be struggling to "get started!"
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>>>During the fourth quarter of 2012, the Company expects to complete the Seabee shaft extension. The shaft will be shut down for approximately 4-5 weeks.<<<
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When I read this in the NR I almost fell off my chair! This is clearly a MISS for management!
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Go back and listen to the CCs, etc. During the August 13, 2012 2Q Results CC McMillian clearly stated that the shaft extension would be completed in 3Q! But the shaft shutdown in 3Q "goall" has been in all of the Corporate Presentations since the PDAC in February! What happened? ...and they didn't even bother to make any excuses.
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Oh and what about the other promises CRJ made about 3Q? What happened with those??? Here is a page from the AGM presentation - here are the promises!
WHERE THE HECK ARE THE MADSEN DRILL RESULTS??? - We have been waiting since last year! McMillan stated on Au 13 that they would release results on 65 holes in 3Q! Did they not drill them? Were the results so bad they didn't want to release them or was McMillian lying when he said they would be released?
Why do you guys keep making excuses! Management set its own targets and management missed every one of those targets in 3Q2012! This is a sign of subpar management! I would be embarrassed if I were on CRJ management - but apparently McMillian has no shame and the BOD has no b@lls to replace this guy.
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I guess no one wants to think about the management track record? I keep telling you these guys are bad news, and they do nothing to prove me wrong. So why delude yourselves with the "hope & change" of a better future just because the rocks are good? Sure appears as though McMillian couldn't organize a trip to the bathroom! How do you think anything is going to change and become different? Same guys, same missed targets, same bumbling around!
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But hey! It is going to get better...just look at the news release! LOL!