Re: gold/silver price manipulation or real confidence in the US $
in response to
by
posted on
Oct 03, 2008 02:25AM
My2 ... call me naive ... but I honestly think the company has turned the corner from the dark days ... Since Atkin's arrival ... the timing from a price perspective couldn't have been worse, but from saving us from disater,the timing couldn't have been netter. Tthe company has been communicating more frequently, and statements have been submitted on time.
Before that we have had the ability to produce gold profitably and we have positive cash flow that is sustainable. but IMO the company was in administrative disarray. (ok I'm being kind)
The board has also been transformed, and the gold in Mexico easily substantiates the merger ... AUQ was the cash producer to make this happen ... all of ths without dilution.
I think we have more than a crap shoot here and I am in the process of raising capital to catch the falling fruit as the meltdown continues ...I will be hanging around this tree waiting for the storms.
IMO the venture exchange logically leads the market down and will be the last to recover with those still standing reaping the largest reward.
I think a good indicator that we bottomed is when the TSX has a similar % drop to the venture ... and the venture is no longer being hit by the continued storm .... the turnaround is left for those still standing and of course the oracle of Omaha.
Orgy