SP Our bid is currently at .35 and I fear it could fall further unless we get news and/or promotion. Take a good look at the following Chart which was in the August/16 presentation on the Website.
| |
q Fully Permitted mining project for 50 years q Over 100 years mine life based on current drilling q Unique orebody with no significant competitors q 10 Year supply agreement with world’s premier fiberglass producer q Three potential revenue streams from one mine q Low capital cost to build mine ($30MM)
q Simple mine processing translates to low operating costs and attractive margins
q Excellent infrastructure with deep water port q Very low political risk. Greenland supportive of mining
q Signed mandate letter with the European Investment Bank for debt financing
q Cash flow starting 2017 |
| |
Why are we not actively promoting all of these positive features?
I get very frustrated and confused that we are not currently in a much better position. Frustrated at the delays and lack of PR. Confused that a discovery that is supposedly unique in the world with a fairly advanced state of construction with production scheduled for H-2, 2017, along with all of the other features outlined in the Chart and we are in our current state, it is almost incomprehendable to me.I have complained for years regarding the lack of promotion and the effects such a failure can have on a junior miner.I only hope it does not turn out to be a fatal flaw as our portfolios would suffer accordingly. I wish Jamie would take a lesson from perhaps the greatest promoter out there, Robert Friedland, and realize the necessity of communicating agressively the merits of of our discovery. I own a nice position in IVN and have see firsthand how positively a stock will react to PR.
There are so many other issues I don't appreciate with HUD, perhaps the biggest one being why have we not gotten the interest of a large conglomerate if, in fact, we have such a unique and large deposit. Even without promotion they must be aware of this project. OC certainly is as they have the signed agreement with us.Our current capitalization is only about $36M and a buyout offer at these levels would seem very possible and benefical to a large materials producer.
I guess few others are as frustrated as myself as the board is extremely quite.Sorry for venting my difficulities I have with HUD, but maybe Jamie will read this and take action. Not likely but hope springs eternal.
GLTA