RE: RE: RE: RE: Interesting Reply The loss of the AE money & support was a huge loss IMO which started the downward pressure,both to the quality of the RSH's potential & credibility to become a world class find. Couple this with managements past greed & new managements inabilty (it seems) to attract a replacement then you have stagnation.
I still believe that Mr D is working on some sort of JV or sale of assets. The question who would buy the assets & why. EVG will be dealing or JVing from a position of extreme weakness due to the companies financial position so it will be hard for Mr D to strike a deal in EVG's favour. However,his reputation is that of a money man & deal maker so maybe he has some past relationships he can muster up to help him out of this hole.
Everyone has been counting on the POG skyrocketing & it might still happen. If gold soars then it will renew interest in these explorers & if Mr D can convince someone RSH's or Carlin are worth putting money into maybe just maybe he can buy some time to prove up what EVG says it has in the ground.
Personally I still believe the N43-101 will be the only document that will convince a JV partner to put their money into RSH's because of the difficult geology of the project.
I bought a Lotto ticket today just because you mentioned it. One never knows & it's probably just about as good a gamble as EVG has been . Personally I have put a 1 year timeline on Mr D's ability to do something benificial to SH's because to date I have supported him because he came into an almost unwinable situation. That said he accepted the job & the responsibilites of CEO so he lives or dies through his failures or success to get EVG into the markets eyes. To date I must say I have been disappointed in his treatment of SH's through lack of both information or results to get the SP back to over $1.
All CEO's will tell you moving the project forward is their first job & the SP will follow as they can do little about what investors are willing to pay for a comapnies shares. This to me is a cop out because the pay cheques keep coming in for the CEO however investors might never see a ROI if the CEO cannot move the SP but continues to collect wages. If pay was based on performance & results most of these CEO's would be homeless & living on the streets.