GREY:BPWRF - Post by User
Post by
Razorback15on Sep 03, 2003 10:15am
82 Views
Post# 6376009
I...
I......concur with alot of what you are saying & hoping for BUT I have been in these types of situations numerous times (JV negotiations with majors) and it is my experience that these types of deals can take a very significant amount of time. I doubt very much that mgmt will come back with a signed deal in their pocket. They probably will come back with all kinds of kudos and smoke & mirrors to entice shareholders to either stay involved or "average down". Remember..."buy on mystery, sell on history". I don't see a hell of a lot of mystery buying at this time. Right now the market activity looks to me like mgmt blowing off paper to fund their India trip. I am waiting with baited breath for the eventual AGM so that a vote can be taken on the Pisces spin off. In the short term this is the only positive I see. The bauxite "could" take years. My comments are only feelings because Kevin McKnight is the only person available for conversation and he is only a pawn in the grand scheme of mgmt and he doesn't sound overly informed himself. I would prefer to get my information direct from the source. I have absolutely NO faith in the words of promoters. Been there done that too many times.