Great Lakes Graphite Inc GLKIF

RE:RE:RE:I have a question

[Floridas2000]

BueBoy wrote: Because when I invested it was a different company with a different objective. It was a miner in a friendly mining location looking to process it's own material with it's own facilities. Their objective changed and I could see the merits of this so I held. Had the true fact of the OGL case been made clear then I would have exited at that point. We were all assured as shareholders by GLK management there was no case to answer and so I held. Mistakenly so. With the number of shares I hold I do not want to exit at these levels and wait for the promised orders to give me an exit point. That's why I am still in. As I have said before the product they have is good, but it's not the product I have concerns over. The problem for others is a greater one if they can't or refuse to recognise the company failings.

Lochaber and Matheson had a strong chance of failing for some legitimate reasons.   Matheson has major issues.  OGL AND GLK did some wrong things.  OGL is not a saint, they've done some bad things to the environment.  OGL was supposed to be straightforward and they're still no where close to production.  There are some rumours on OGL and it's not good, not good at all.  That would have been the future of Matheson.  The had issues commissioning one silo.  Plus the grinder had limitations for size and the business plan was to only do great lakes.   I bought under the old business plan of Matheson as well.  It could have worked, possibly, but this has more potential and I am a bit of a gambler.

Let's see...