Re: P.S. and thanks to all ... I second!
in response to
by
posted on
Aug 13, 2009 09:09PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
rico,
Thanks for the encouragement. I do call companies occasionally, but usually when no one else is doing so. If someone more familiar with the sector is calling and getting information that answers my questions, then I'm comfortable waiting for company releases. No sense having too many calling with the same question- I have seen instances with other companies where IR starts simply clamming up after a while, especially when their responses get misinterpreted or distorted. In the present case, my main concern about the recent PR was why commit funding for the U acquisition when the funds may be needed for drilling on the gold projects. Recent posts have helped to expand on the reasons why the U acquisition was sensible, but still not why money for that was deemed higher priority than defining a gold resource. The only good answers that would satisfy me are that they already have found something extremely good on their gold projects and don't need money to do a lot more drilling, or they have already obtained financing for more drilling, or they have already hashed out a deal with a major that guarantees funding. IR isn't going to give out any of those answers before a PR though, so in this case I decided to sit back and wait. After a while, you get used to waiting. You don't like it, but you get used to it.
GL,
spiny