GREY:RDTMF - Post by User
Comment by
traxbywebon Apr 17, 2014 8:49am
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Post# 22462142
RE:sh.... of company
RE:sh.... of company
The recent lack of news, website not being updated in a timely manner is a little concerning but I don't believe this company is a piece of junk. The last financials showed pretty could costs for a relatively new mine in production. The company is making money and slowly paying off debt. I agree a lot of shareholders lost money on this company, nevertheless this company got sucked up into the sky rocketing price increases in 2007 and 2008 raising infrastructure costs well beyond expexted. Then they got dumped on in 2008 and 2009 financial cirsis like a lot of other juniors. If it wasn't for Mexican laws I don't believe this company would still exist today. We faced major dilution to save this company. They have expensive debt and will need a couple years to recover from it from production start date. I don;t care to much on the silence as long as production is going smoothly and debt is going down. The potential in there properties is promising. Its possible in another 18 months this company could be near debt free and making 25 cents a share with gold production being started or very close to starting adding a lot more to that number. Financials will be out by end of month and will be a good indicator if this company is moving towards a piece of junk/black hole like you say it is or is still moving forward as I see this company doing.