Post by
MAKEITBACK on Nov 11, 2021 5:46pm
Marketing
The only reason to hold this stock at this time is the fact that it is a producing mine. Goldboro is a long way from production. If gold goes to $3000 then this company has the potential to generate $50,000,000 a year which will cover development of Goldboro without dilution. This is why it went over $1.00 previously. I feel like management let mine production slide while they focused on Goldboro. They say we are on track again in the fourth quarter to get production back up ( and years of future production) . They should be screaming it from the mountain tops, but you have to dig to find that info. The average investor that looks at this sees a decent deposit of gold (Goldboro), but no money to develop it and an exhausted mine. Companies like NFG and ESK have incredible deposits of gold and silver, but no income generator to develop those resources (other than massive dilution). I don’t think they market this thing properly.
Comment by
DoumDiDoum on Nov 11, 2021 6:46pm
They have done that during the past two years and it did not pay as they ruined it all out with the first 3 bad quarters at Argyle. If NFG and MOZ has done well without producing, I think ANX can do the same thing with Goldboro IMO.