Post by
LbinLoL on Oct 30, 2015 12:13pm
Ron lost all credibility
No matter what he could say next.. with that PP placement they just show no respect to shareholders. They are hiding something for sure.. why make it now ? With 2,3 mil$ cash.. lets presume theyd spend another 1,5mil$ on drilling for the quarter, that would leave them with 800K$. But they are now supposed to be positive cash flow with gold at 1500$.. so what the hell does it mean ? That they are spending 3mil$ for the actual quarter ? Its showing me that they dont believe the drills results themselves, cause if they did.. theyd wait for those "stellar" results, show it to the world, and then make another PP placement with a much higher SP... but no they do it now.. this is in no way a safe play to have more cash on hand to prevent a gold price smackdown, it mostly feels lile they spent much more money on the last drilling campain and didnt get good enough results. In that interview with m. Taylor, ron said they could keep this thing going on for years at 40k-50k gold production, I call his say fki*** bul*****.. they are stressed about the mine life and must drill like crazy now, shareholders wouldnt understand.
Comment by
MAZZMEX on Oct 30, 2015 12:36pm
Ron never had credibility... Mazz..