Post by
xbonds on Jan 03, 2014 4:09pm
Dead money
Patience is one thing but the situation in Africa has been developing for many months and still no word of anything positive from the company....candidly there has been nothing forthcoming from the company at all.
It is great that they have managed to ride the junior storm the last year and hang onto their working capital but what is happening in Africa...anything at all?
It is nice to see some new blood on the BOD but not sure what they are bringing to the table...maybe a deal or two in Africa.... there does seem to be a support bid around the current price level....hopefully something develops going into PDAC ....again as someone said in an earlier post...lots of potential but when will it come to fruition?
Comment by
TysonD on Jan 04, 2014 5:22pm
I live in Edmonton and went over to visit Brilliant near the end of Nov. Sean Mager told me this might be dead money for some time because the EG government doesn't even have a proper mining ministry yet. They are only interested in their new giant oil finds. Brilliant still has over $10 million and they are scouting around for other undervalued projects.
Comment by
bullmetal on Jan 08, 2014 7:32am
I AGREE THAT THE MONEY IS VERY DEAD UNTIL... HARD TO KNOW WHEN THIS WILL COME THRU. I DO THINK OUR NEW BOD MEMBERS WILL BRING A FEW NEW DEALS WHICH WILL LIKELY ARRIVE BEFORE THE BIG ONE... LOTSA A CASH IN TODAY'S ENVIRONMENT IS A VERY GOOD THING. BEST AND LONG HERE