NEW EDITION: STOP YOUR BS AND GET YOUR FACT STRAIGHT PART 1 Again reading the Bullboards basher is very pleasant, I hope the bullboard reader ask themselves WHY are you still shareholders if you keep complaining? Just wonder. let’s CORRECT THE FACTS
- Our Bullboards bashers complain about the cash position:
- FACT: yes the cash and liquid asset varies as the market moves
- FACT: yes they are spending on drilling and other works… this has been reported in all last year press release: DRILL, PULSE EM SURVEY, GYRO and so on.
- Our Bullboards bashers complain about the company selling some stocks:
- FACT: DUH!!????? Of course! Have you seen a private placement announcement in the last 12 months? Did you? No… so the money comes from selling some shares
- FACT: Yes they are selling IMG shares. BUT oh WAIT! They seem to be hedging themselves by holding 4500 call option on Iamgold! @ eagle35 how many shares of IAMGOLD can you buy or hedge with 4500 call? 450,000S SHARES! Of IAMGOLD. What does that mean? It means we have the same exposure as before in case IAMGOLD fluctuate and move up and or down. In fact, this is wise.
- FACT: they will most likely keep selling some stock to pay exploration work, that you want to be done and that they are doing! stop crying. last years your were complaining the company was not doing enough exploration and now they are doing you complain it cost money! yes it does!