Could not be any worseDo they have gold? Yes.
Do they have profitable gold? Yes
Do they have enough gold to currently justify a market cap of 1 billion dollars? NO.
Do they have an effective management team? HECK NO.
Think about it. This is about the worst release possible. WE have been waiting 6 months AND ALL WE GET IS TWO LOUSY assays that each measure a half of meter of dirt??? One of them of the mafic floor rock?
The folks running this operation are the keystone cops. It's not about the gold anymore to me. It's about the management. I bet the farm on these guys for a year now, and they came up craps. TWO ASSAYS??? ONE SPOT??? in six months? You have got to be $hitting me!!!
TXr. You respectfully asked for us to notify the board if we bought or sold. I sold 1/3 of my position last December, after I lost confidence when the last horrible release came out. I'll sell another 1/3 today if I can get an execute. That leaves me with 17,000 shares.
From 87 gpt...to 64 gpt...to 15 gpt...to 10 gpt...to 1.5 gpt. Anyone notice a pattern here??? And now they are going back to Purdy's? WHERE WE HAVE NO INFORMATION AFTER A YEAR of messing around???
I just don't get these guys. JUST TWO SAMPLES???? and you blow one of them on the mafic bottom? How can they possibly expect anyone to keep the faith?
Good Luck to you diehards. I'll still keep my toe in the water. REMEMBER, for me....It's not the gold. It's the lack of confidence in the management! I have been disappointed by this management team for the last time. I am definitely no longer all in. IF my trades get executed, at my depressed limit prices, I'll have a basis of zero on my remaining shares. No more skin in this game and no more 4 hours a day studying this one beast, because of overexposure. No possible millionaire in my future, but that's Ok. I get my life back again, and I get to keep all of my money.
I'll also keep my Kairos and DeGrey. I'll sell the ARV as soon as I get back to breakeven (if ever).
Icarus