Post by
templetooth2 on Mar 22, 2024 12:40pm
Picking on JR
"Always" might not want to speak evil about JR, I don't suffer the same affliction. His history of JR's deception re Troilus's cash position is incomplete. It wasn't just the Crux interview, it was consistently repeated from the Denver conferences in September, through the fall until just before the giveaway raise. "Gut" would have us believe we're underestimating JR's talent, connections and vision. So where were all these alleged attributes when JR was raising a meager $15 million?
Last fall I started posting a number of comparisons of Troilus versus other junior gold stocks. In each case, Troilus had far more ounces of gold and a lesser market value than a host of companies that probably won't see production this decade, if ever. Lately, some here have re-touted JR's comparison to Artemis, at least as far as ounces. Believe me, nobody will ever confuse the talent, connections and vision of JR with Steven Dean. Let alone money and stock ownership in his company.
Over time I have come to believe that the poor market performance of Troilus is directly tied to the investment world's perception of JR and his "talents". Meeting a deadline is obviously not one of them. As a former stock analyst, his "connections" are obviously wanting in that he has been unable to generate a market cap greater than a bunch of little-hope and no-hope companies.
I suspect that the ever-postponed feasibility study is tied to the perception of JR held by "Big Money". Maybe he has halitosis, too. I don't know, but there's something wrong. Maybe it's just people don't like the ever-changing story. After touting for years the legacy assets that would drastically reduce the capex for a 35,000 t/d operation, that value is apparently being thrown out the window, or so we have to speculate.
Comment by
metalhead666 on Mar 22, 2024 1:14pm
Glad I hit the exit when I did and banked a little money. Management is one the most critical elements when evaluating a project.....Justin gets an "F"