RE:RE:Another Private Placement????Goldred wrote
I moved on last week. I had enough....No updates on operations and no one will answer a telephone at corporate....Good riddance. Good luck to all going forward.
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Yes i also lightened up on some shares for a nice loss. This company was supposed to be in commercial production by May. That is three months ago. Instead in the last news release from 2 months ago we have management crowing about how the trial they did for a few days went so well and ahead of schedule. Then they said they needed some more repairs conveveyor belts electrical boxes etc. The mill was sitting for 20 years before they leased it and i am sure the belts were already well used before that and nobody thought to check into whether they needed replacement in all the time they have had the mill. How many conveyor belts are in this tiny mill maybe three of four. I thought they have an experienced mine manager?
Mickey mouse operators for sure. Why dont these fools issue a news release to tell investors what is going on as the last one dealing with what was happening at the mill was two months ago?
Why? Because there is nothing good to report thats why. From my own experience i have found that when there is nothing but excuses for months and years on end after all the hype that is all you will ever have.
At the same time they just closed a $1.4 million p.p. with insiders buying in for $375 thousand so it means that someone still has faith to invest another million dollars into this along with insiders who already have several million invested in this clown show putting in another $375 k so it seems insiders and there investors still believe in the potential here.
Maybe this will be the one exception to the rule and end up doing well. Personally having been burned many times with clown shows like this one i would love a good news release and have the shareprice jump up so i can sell some more shares even if i have to take a bit of a loss and move on. Maybe this private placement news release will make the shareprice jump a bit.
Fool me once shame on you. Fool me twice ahhhh. You cant get fooled again.