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Message: Re: 26.5 ounces per tonne over 10 feet....

Apr 02, 2010 08:31PM

I think the unfocussed news releases with information from here, there and everywhere is not so much a symptom of bad IR (not saying IR is great or anything). It is reflective of the company's management and their goals. They poke in every nook and cranny they can, looking for more gold. Production with a profit has always been more of an after thought.

The name of the game was always to prove up as much gold, in as many places as possible before a supposed buyout on the theory that they suitor will need to pay more. They knew they were sitting on lots of gold but didn't want to get bought out before more of it could be proven up.

These guys are explorers more than producers. It will take a real production management team to get production up to the potential these properties hold. It will also take a lot more capital investment. These guys have neither skills or the funding to do that.

I also agree that I think the bottom is in. Will keep buying at these levels.

JFF7

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