GREY:VITFF - Post by User
Post by
dbbclbon Nov 18, 2020 3:50pm
912 Views
Post# 31924419
Our dream exec team
Our dream exec teamInteresting that we have one of the 3 top execs finally coming to the plate in support of the stock by making an amazing 2000 share buy today. At least we have a board member (Sean Harvey) prepared to put some of his personal money on the line to support the stock. Undoubtedly, he will probably be rewarded for his risk at some point in the future. Where are the other well paid execs? All I have heard throughout my time in this stock is how McConnel is only interested in building S/H value. Here we are at a 45% drop in value since Sept 2. We had a value almost equal to todays price in July of 2016 and had no mine. Now that's building value!!! We had a drill program that produced very positive results coming out of Raven, as many expected. We knew in Aug that the potential was there for very good results going forward.
Why didn't we extend a complimentary drill program to perhaps get closer to a provable resource. That would build S/H value! Yet we are shelved until next spring with no further results likely available until next summer to help buoy the stock and move it forward. If they would have drilled some this fall, we may have had some results to discuss early new year and maintain some value during the downtime. It is certainly not because there is no money available, and even if they did not want to use up money reserves, when we were flying in Aug @ $20 a PP could have been done easily for a million shares to raise the cash and have virtually no effect on the overall share structure. What have we got left to announce that will hold the stock up until spring.
We are now trading at hard asset value + cash. Almost no value for the operation or gold is built into the current share price, because investors out there have lost all confidence in corp. exec's performance. I sure hope this dream team of exec's can pull a rabbit out of there (you know where) to keep this thing from dipping to single digits over the next few months.
Hell of a takeover target at this point in my opinion.