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Message: Re: m&a team still intact
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Apr 26, 2010 10:51PM
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Apr 27, 2010 02:21AM
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M
Apr 27, 2010 07:30AM
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Apr 27, 2010 08:01AM
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Apr 27, 2010 08:44AM
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Apr 27, 2010 09:27AM
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Apr 27, 2010 01:38PM
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Apr 27, 2010 02:11PM

Red, who or what to blame?

a) there is no trust any longer, managment has constantly been positive and upbeat while the reality has been the opposite, and they knew it or should have known it

b) a plot of good drill results versus time, would show a downward spiral; this I don't understand; with all the drilling not a single positive drill result for a verrry long time

c) the managment seems to have no plan to get out of this; I think they placed all their bets on buying more property and then hope for a good hit once in a while to keep things humming along

d) my evaluation is that they do not seem to have much economic - feasibilty knowledge; out of touch with reality

I see 2 options:

1) continue as is, and find the big one; there is a lot of $$ so they could continue for years

2) be taken over by somebody else who sees something we don't see

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Apr 27, 2010 03:40PM
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Apr 27, 2010 07:22PM
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