RE: Fungi I would likely say I am in the doghouse w/ GBN. Not that I care. There needs to be big changes here.
These guys are on a prove it basis w/ me. I hope they slither down to nothing. I will buy them.
I see no reason for me to encourage investment in this company at this time. They are on their own. They will not generate interest in the stock if they don't release any news. I cannot analyze information that is not released to the public.
I am still waiting for the monthly updates promised to shareholders by Rob Garden at the AGM (not in the video).
I am waiting to see if these guys need to go to the printing press, again, for another financing, to sustain current operations.
I am waiting for a statement including the actual reserves and resources for Roy Lloyd and Komis. As well as an actual mine plan for Komis w/ Levels, grades, and tonnages.
I am still laughing at the endless talk of a second mill (included in the AGM presentation video). Not that I disagree but where are the resources to sustain such a mill. And the money to build? Rob Garden trying to get shareholders to believe that 300,000 oz at Tower East can justify a high capacity mill. What a joke. Or telling shareholders that Golden Band has plenty of resources on the books. "Look at Tower East for example". Can you even imagine the profitability of hauling, 1.86 g/t ore, 60 km to Jolu for processing at a 700 tpd mill? LOL!! 5,000,000 tonnes at Tower East he says!! 14,000 oz/yr at what cost? They need a 5,000 tpd mill for 1.8 g/t to be profitable. Not even 3 years production at Tower East. That justifies building a $100M mill?
At a .265 buy-in average, I am an unhappy bagholder, er, I mean shareholder.