OTCPK:MALZF - Post by User
Comment by
k22k22on Feb 04, 2016 6:46am
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Post# 24523069
RE:Beginning to question their judgement
RE:Beginning to question their judgementThey're going to increase production so that's good. They need money and they have Wexford to supply it so that's good. Maybe El Compas would have stretched them too much at this point in time, they still retain 20 million shares of Canarc and a small royalty. If you're in this then unfortunately your on the Wexford train itinerary, but I would say that they are focused on long term returns for the venture. Inflows to GLD are up and the price is up, if it stays up then hopefully this will start to fly on the radar, if the prices resumes its slide as many forecast than it's back to this waiting game unti who knows when. Wish I had accumulated most of my shares at this price but if you look at the volume they haven't given much up to the retail market yet, mostly just price hunting.