GREY:PTQMF - Post by User
Comment by
Focusakkeron Mar 28, 2013 11:17am
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Post# 21180399
RE: RE: gold chart , J.S.
RE: RE: gold chart , J.S. I have owned ths company off and on. I'm in it now. The Inmet deal deal convinced me to get back in. I know that there are others on this board who were disappointed in the deal, but $150 million dollars over a three year period for basically doing nothing is pretty good for a company with a market value of $100 million.
It's obvious that this is a company with good assets and poor management. It spent $2.2 million in consulting fees to say no to Inmet when a 10 year old could have figured that it was a bad debt. I've always gotten the feeing that the mgmt. of the company likes to do exotic/unusual deals when all they have to be is a solid gold mining company.
Has anyone ever taken a run at replacing the current management?
Thanks, Paul