RE:RE:Sprott has a position in GERI certainly agree that it was really wrong for Jean not to provide any results from the drill results in the on the drill program that was initially announced May 12,2020.
Looking back at the facts we know:
1) The 2000 meter drill program was initially announced May 12,2020 but was subject to start up only after the Honduran gov't.calls off the COVID lockdown.
2) We never heard a peep about any dtrilling progress until the next NR dated Nov.25,2020 (a full 6 1/2 months later) and it stated that a second drill rig had arrived at Cobra Oro and that 500 mters of drilling had been completed by that date.
3)All has been silent regarding drilling since Nov. 25/2020
So we have to assume that they did more drilling and there is no known reason that the program was not completed but we do not know.
But it is my guess that Jean knows that the drill results are not good and was afraid to announce negative news so has kept quiet ,,, but i say that his credibility is on the line more than anything else and he will never gain credibility by hiding the results and not being honest and open with the shareholders.
Announcing negative news when the stock is already in the cellar would not tank it... it's already tanked and it appears the poor results and performance overall are already factored in.
But what has not been in enough is Jean's own reputation. If the market sees him as a crook running a crooked company then GER is screwed forever imo.
People have been very patient and forgiving and have given him the benefit of the doubt because of so many outside factors that came against the company in Honduras (ie COVID, Extraordinary heavy rain season and 2 Hurricanes and other things)
However, not reporting drill status and results is not an outside factor.. it is his personal character type that is showing thru imo. He should not neglect these important aspects of running a company. People gotta believe in the leader before they put any money into the project.
all jmo..gs2
PS-- i am hopeful that the later events that were released since that time regarding Ore Supply Agreements will be enough to change the fortunes of this company and if so, then maybe then the extremely long delay of announced drill results will not seem so bad !
glta