GREY:TSMNF - Post by User
Comment by
WCJ1on Apr 21, 2014 4:47pm
156 Views
Post# 22473979
RE:RE:RE:Market coming back
RE:RE:RE:Market coming backI have been a shareholder for a long time and suffered the disappointment of Red Hills too. I believe the company did a good job establishing a significant resource. The Moly market hit the skids and sunk the deal (admittedly a different deal structure may have prevented having to let Red Hills go). That deal will one day be a producer.
The Carol project I find interesting because of its initial trenching and assay results and its close proximity to the Piedras Verdes Mine, 3rd largest copper producer in Mexico, with ownership on the hunt for additional resources. The information looks very encouraging but of course the drilling about to begin will tell us if there really is anything worthwhile there. There is reason to be optimistic.
To continute bashing management and infer they are doing nothing more than collecting management fees is ludicrous, non-productive, disingenuous and foolish IMO. I have spoken directly to management, reviewed financials, objectives etc...current fees are barely stipends. Furthermore, from what I can see, management have also participated in the financings and are smarting at least as much as the rest of us.
Finding these to be straight, honest people of integrity, I prefer to see this as We're in this together. Let's pull for each other and support these efforts to recover some value and possible some increase.
A reasonably good shot at a cheap price at the moment, again IMHO.
Always, do your own due diligence and good luck out there.