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Claude Res Inc CLGRF

"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."


GREY:CLGRF - Post by User

Comment by Lookin_2_Scoreon Jan 23, 2013 2:47pm
91 Views
Post# 20879359

RE: Gold’s bull run seen topping out in 2013/14

RE: Gold’s bull run seen topping out in 2013/14

prioris: Don't be upset with me, I didn't write the article.

I've owned this stock since 2004 so, that makes me a VERY LONGTIME shareholder who wants to puke everytime I see the 20 month chart. This company has lost over 250M in market cap and has spent 57M in private placement money in that timeframe and had to get debt financing to boot. Nothing the company releases news wise produces a sustainable uptick in share price. You can place me on ignore if you wish. But, as a longtime shareholder, I'm concerned with the inability of Claude mgmt to produce shareholder value. This is a 20 yr old company, not a start-up. And, the board of directors continue to tolerate this mediocrity. If a CEO can't produce shareholder value after 15 yrs in leading this company, then, he deserves to be fired. Yet, he continues to be paid over 500k a year to bring shareholders a 60 stock. 

IMO, something's not right here and shareholders should have concern.

 

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