Re: Share price predictions for 2012
in response to
by
posted on
Jan 03, 2012 02:32PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Personally, I don,t think its rational to think that we will get no results til the entire 20,000 m program is complete. Before the 20 gets done, if no offer, there will be more drilling announced. This is unreasonable for a company to keep withholding results with that rationale. The results have to come out soon to support the sp and enable the company to demonstrate they are increasing shareholder value, if not, the sp drops, a hard job of getting a PP done, the investment interest wanes,etc, and is against Lori,s fudiciary duties as our CEO.
The proper sequence of releasing our news would have been trenching, shallow drill, then deep drill. The deep drill doesn,t matter much on the initial timing whereas the deep results would be needed in an offer situation. Its from the surface down to 500m thats important now. I can,t really answer why she chose the particular release order that she did, but I don,t agree with it.
We had samples 6 months ago taken from trenching, to not release those results for another 6 months is a no no. Big companies usually do a lot of drilling before releasing results, but, A venture company relies on continuous news and timely releases to appease shareholders and help them in securing future funding at ease. For a company to sit on results for a year is detrimental to a stocks price, it is not in the companies or its shareholders best interest.
IMO