Complete trust and confidence in MH et al.I just finished watching today's Maple Gold Mines webinar. Like I said in my last post two days ago, Matthew Hornor and the rest of the Maple Gold Mines team, are in complete control here, and are methodically executing their strategy. I feel extremely confident in my investment in MGM. I believe MGM truly has the potential to be a positive life-changing investment. This is why MGM is one of my largest holdings.
An excerpt from today's webinar:
"...we have an absolute game plan for the financing we just raised, you know, i was just on a long call as i do everyday, on this, you know i just happen to have it here, it's about a 100 page draft of the Agnico Eagle Mines Maple Gold Joint Venture Agreement, and in there, there are a lot of financing requirements going forward, you don't ever want to get into a marriage with somebody that's 20 times your size, if you don't have an extremely strong balance sheet, so that is one of the things, i think some of the targets we're going after that Fred's discussed, will require follow up drilling, additional capital, and that's one of the reasons why we decided to take BMO's generous offer for us, it doesn't come with any warrants, it's very favourable relatively speaking to us, and we've been looking at some other projects and ideas for a while now, that up until this point, you know given that we're very conservative, we didn't feel that we had a strong enough balance sheet to take advantage of, so for all those reasons and I think that if you just trust that given our discipline to date, will continue to deliver on a very disciplined approach that there's a reason for what we just did, and that reason will be made clear in the not so distant future..."
On the one hand, I feel bad for anyone who was scared into selling their shares at 0.30 this morning. On the other hand, I feel that anyone who is selling their shares for pennies, has no real idea what Maple Gold Mines is truly about, and no real idea about the truly massive share price potential of MGM.
Remember to take all the share price ups and downs in stride, and KEEP YOUR EYES ON THE PRIZE.
GLTA