misc comments
posted on
Apr 01, 2008 11:41AM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
I have a couple of comments.
-Raymond James gives a VERY strong buy recommendation and a price target nearly double current pricing to $1.50, yet ZERO comments as to why they believe the huge increase, instead telling us drilling has been halted and there is bad ground???? uh okay.
-Thomas, many of us here including moots know the story and the potential. we are large holders and here long term just like you. is $1.50 possible and probable? hell yes and far more. we are in agreement. moot's point was solely that Raymond price target and explanation was crap.
- there is room to gripe about certain things with Victoria and yet still be strong on the story and holding.
- we have to find out that drilling has been delayed and the waste of having inexperienced drillers from Raymond James in some post somewhere else? no word from Victoria at all? that's horrible and inept. I agree with you and understand that being a junior explorer is fraught with complications and especially at depth like this, very challenging. Thomas, would love you to find me a press release from a company that is diamond drilling and then states things went array because of inexperienced drillers. i have not seem that as being common place or acceptable. besides victoria tells us to expect drill results within weeks yet when this changes they say nothing?? we don't expect perfect drilling every time, finding gold every time, things always on budget, control of weather conditions.......BUT we have every right to expect a company that we have spent time researching and placing our money in to be communicative about the story and what is going on and if something changes from what they already stated they should tell us. how hard is this to put on the website? or gather our email addresses and email us updates of 1 sentence, 5 sentences???
- we have a staff of some 9-10 geologists who have spent much time and effort mapping the properties and we spend the BIG dollars from a cheap PP at .70 cents on diamond drilling and then send out inexperienced drillers????? what a waste of our money and lack of communication on what is going on. we were having problems with drillers in December and prior too.....it they are the same inept ones why send them out, lets just sit and get it done right. I will happily wait and save our money instead of burning through it faster in order to teach people how to drill.
- I know Raul is not pleased with the set up and has brought in a guy named tom lee ( sp?) to run the drilling program. they have worked together with success on prior occasions ....so I hope this helps us with more fruitful campaigning at Helen and the other properties that will be visited this year.
- I know that management is out selling the story very heavily to the institutions and newsletter writers...many have heard the story and in my opinion will wait to see the results from Helen and then subscribe. Raul has called Chad "outstanding", his background is great and I personally thought he was sharp and friendly too when I met him. However, we as retail investors are COMPLETELY disregarded. we are here only because of our own individual ability to sniff out the potential. kudos to us but this is also a reason that no one else has arrived, institutions want more of the story to unfold and a lot of the retail don't know we are out here. we are an important part of the share price picture or will be so. I hope they cater to us a little at some point. it would take minimal effort on their part to just communicate what is going on even on a monthly basis with an update on the website. most of us understand that exploration is tough and many things come up, delays etc, many of the weaker need to be handheld through it and it might facilitate more price stability and not avalanche into concerning the medium strength holders. no worries for the core of us strong holders, we're here. i have no empathy for the weak holders by the way. if they are too lazy to learn the story or understand what they are getting into, oh well they lose their money BUT it also cause pointless extra fluctuations for us. further on victoria having no interest in retail so far, they did not announce they were going to be in phoenix and presenting, hence no one really went, they don't have much contact or desire to know who retail is, i.e. collecting email addresses for a contact list etc. ultimately this is going to be an amazing investment perhaps the greatest of my and our lifetimes perhaps, so they can ignore us that is fine but there are some things that certainly could be "nicer" for us out here. I think we can certainly have some constructive criticism and gripes about certain minor things that could be done better from our perspective.
-stateside, you asked about winter etc. the properties are all at varying elevations, black being the main one where snow, cold and winter were keeping us from drilling, Raul said winter is now breaking and they are planning on doing some new mapping of that area. Don't expect to be nailing it in the first few holes as they are most likely specking the area out to test a thesis or two, but who knows maybe we get lucky right away. also in the next 2-6 months hitting mill and also summit pending the last permits related to a rare flower/plant in the area. they will of course continue on Helen and I hope in hole 8,9, or 10 we hit the sweet spot. This may finally get us serious public recognition of what is going on here and the potential of 6 other sisters to Helen with similar 1.5+ million each. the stock price will move hopefully to a new level NOT to sink back down again just because there is no new news. one day we will take 5 or 10 huge steps forward to never come back other then a random small step, like aurelian. soon my friends soon, this year and next will be big years. a legend maker I hope.
cheers all, James