RE:RE:RE:RE:RE:RE:RE:RE:$1 Million Non-Brokered Private PlacementGold_Addict wrote
I am as skeptical as you. No news = bad news. If they are actually producing why hasn't there been a revenue announcement? The only bright side I see is that it seems that there are people/institutions that seem willing to keep this company afloat. I know that means dilution for pisants like us, but perhaps it also means there's gold in them there hills.
I understand that I'm not a particulaly sophisticated investor. 95% of my money is professionally managed and doing fine. I play around with 5% of my investment capitol. Even with some big wins over the years I've substantially underperformed my manager 18 of the last 20 years. In short, I suck at investing. Actually, it would be apt to call what I do gambling.
All that said, I'm prepared to ride this one out. if I lose it all I won't lose any sleep.
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While endless dilution of shares is not good if they are not producing and selling enough gold to pay their bills they have no other choice as i doubt the banks would lend them anything. The only other choice would be bankruptcy so at least with all the dillution shareholders still have shares that are worth something with the possibility of things working out and the shares going much higher in the future.
Something sounds a bit fishy with this Richy character. Nobody else seems to be able to contact the company and he gets through on the first call and then is sent a copy of the new presentation. And then Richy loads up more shares based on him recieving publicly un released information and then bragging about it on Stockhouse. Trading in a public company on non publicly released information is ilegal and i would doubt management would do that although with these bumpkins anything is possible.
As you say the only bright spot is that investors including management keeps buying these private placements one after the other. They likely know more than we do. The problem i see is that things must be going really bad at the mill for them not to release anything about whats going on at the mill in over 4 months.
It would have been better for them to release news at least a couple of times in these last 4 months even if it is not that good as it shows they are still in business and trying to get things going.
Instead their silence is deafening.