Post by
ANONYM0US on Jul 23, 2017 1:26pm
Hey Dougan . Way Too Funny
THIS MAKES NO SENSE AT ALL. A REVERSE SPLIT IS BAD BAD BAD....kddougan wrote "IQ I can surely understand your frustration, as splits in Jr. Miners usually aren't shareholder friendly but in this case, I can speak with confidence, and I don't view it that way. Usually when splits are done it is at time when companies are desperate and need to generate cash. Anaconda is not in that position at all. A rollback is not a certainty but is an option that remains on the table. ANX does not need cash at this time and will only do the rollback when it is the optimum time. The optimum time is when a steady release of good news offsets any negativity of a rollback. Jonathan Fitzgerald the Chairman of the Board is a finance whiz and is very creative in raising capital. There are many producers out there with way higher shares outstanding. The only reason to do a rollback at some point is if we need to attract big time money and need a much higher share price to raise funds. Dustin has spoken about possibility and it pros & cons if you listen to his Korelin Economics interview from earlier this week and also from an article from a publication, Northern Miner. I will try to post a link below. I'm going to really study the article and maybe post later what I can glean. The future I can guarantee you will be different than the past. Dustin & Jonathan are working their tails off I can assure you. The first Goldboro drill results should be out soon and that can totally change the ballgame !!! They will be releasing more drill results from the steady stream of properties they own and this summer should be full of news releases to build momentum for this stock. So rest assured the plan is to only do a rollback when it is warranted for the good of all the shareholders. I know its been frustrating as I have owned Orex because of the untapped potential of Goldboro for over 10 years. I gave it up for dead money as it has languished forever. Not until Dustin had the foresight to scoop up Orex was I able to see a light again at the end of the tunnel !!! I have made it a point to really do my due diligence on the ANX story and I can't tell you how excited I am at this companies future. Remember Rome wasn't built in a a day. KD"