RE:Fosterville=MooseheadHi ggnewmex1,
I think Tim gets a pass going back several years when he talked about the "potential" of Moosehead similar to Fosferville. However, Fosterville golden swan zone was not found for a long time and there was a mining operation already there. So hitting a home run here would not be easy particularily when there was some drilling on Moosehead going back to twenty years or so before.
This tailspin started right when the program was expanded to 100K metres which was to have four drill going on Moosehead. That never happened and Tim went off chasing lithium (when you had a massive run up in the lithium price) and spent a lot of time and money on this.
Then another blow was after the big hole a few years ago in a new zone, he stops drilling, hires a good doctor and spend countless months and money doing nothing. After all this, when a few holes were finally drilling then dusters. The Company has done nothing the past two years and to think we were once cashed up with $10M+.
Tim is a geologist and not a CEO. Problem No 1. When Tim says he has no idea why the stock price is so low that is Problem No. 2. A good CEO knows the naked shorting and the fact your company's stock is going to get run in the ground if you sit playing in your sandbox too long.
Many investors also wanted deep drilling going back 2-3 years and Tim in his wisdom was against any of this and now seems to be more open. Of course since he has no choice now.
FInally, the three guys in the social media posts with big smiles should have eneogh common sense to not at least call current days "exciting times".
BC