Re: is the carnage over for now?
in response to
by
posted on
Nov 20, 2007 09:51AM
I sure wish I knew what was "going on behind it all" with this company. It continues to mystify me how an entity with so many gold reserves/resources undervalued relative to the rest of the market and with so much production soon to be coming on can be battered and kept down like it is in both the present and over the past several years. I did my DD before I bought into this one, but the trouble is even the DD isn't going to make up for "internal corporation type problems" involving infrastructure, mechanized efficiency, or just plain poor corporate decision making. I see no signs of any of those yet. (Farrant departed as we all know, but so what?) So why does the stock continue to "lay low"? Sure beats the heck out of me. As for the earnings report I remain skeptical that it'll have any positive effect on the stock price since Morgain only sold some 450 ounces of gold (as far as I know) at the end of the quarter in September. But then who knows? Maybe after that everyone can start focusing on the more profitable fourth quarter and beyond!!!!!!! ......or at least I hope. Longterm "good ole' fashioned stubborn" patience will indeed be the key to coming out ahead on this one.