Post by
garland on Sep 19, 2020 3:36pm
re re monster lake
Marketsence - nice to see you do not get involved with these catfights on the bullboard - getting really tired of it!
Anyways here is my final "take" on the current situation Everyone must realize that IMG cannot present an offer until ALL the the information is available. I believe this is the reason for the abrupt end to the summer drilling season. To continue to drill only delays getting all the information in. New drilling just adds to the delay. I'm expecting something by the end of November- after the final few holes (which I fully expect all contain gold) and an updated 43-101 which includes some 3 dozen additional holes. Once they send an offer , then IMG is free to proceed with the winter program (taking into account that an offer has to go to a shareholder vote ) . In the interim I'm hoping new management lays out their plans ( ie. merging Amex with vsr , approach other takeover candidates and spin out felix as a newco for the shareholders etc.) Fortunately for us Sup is aggressive drilling our western border which creates some excitement while we wait (program is proceeding very well- will definately tell us what is out to the west!! ) Meanwhile I continue to buy cheaper shares from those who are losing patience. This is our slow time and let's hope the new team has plans to change that!
Comment by
wateroperator on Sep 19, 2020 3:46pm
Thanks Garland, great DD as usual. Sometimes you need to call these guys out, hopefully we can have a cleaner board here. Good luck to the longs!
Comment by
milinkov on Sep 19, 2020 4:39pm
Garland thank you for your guidance and possible timeline
Comment by
benric on Sep 20, 2020 5:03am
Thanks Garland.... I am kind of new to the board (a few months ago).... I appreciate the information you share and your intelligient opinions. This is one of the best boards, but lately some members are getting restless. Patience will be rewarded.