Post by
lucci2005 on May 21, 2010 10:32pm
website updated
I guess 7 mines are "officially" planned. But if you talk to IR, they'll tell you it's actually more than that. But they cannot make it official I guess just yet.
I'm still mad about their stock options, especially at 0.13. At least if it was 0.30 or 0.40, that is understandable. Either way, if they put 3 mines in production by summer, and hopefully have another 1 or 2 start late this year or early next year, the share price should/will reflect this. The fundamentals of this company haven't changed. Their future medium/long term potential remains huge. I just wish management had more respect for their shareholders. Why keep releasing stock option news releases on Friday afternoons, after the market closes? This has happened several times before. At least have the decency to issue this on Monday morning. Anywho, news next week should state that the permits have transfered and production on mine #2 (blue gem) will begin before the end of the month. Have a good long weekend everybody.
Comment by
actionplanner on May 21, 2010 11:02pm
What I don't understand about the option business is, why don't they get things going , and just give themselves a raise in pay? There wouldn't be dilution, there wouldn't be disgruntled shareholders, and if they earn the pay the old fashioned way, from performance , no one would care. Same old crap from every jr. I wish it was outlawed , same as shorting a stock should be.