Hi, Guy. I can apreciate the conditions in which GE is working over there. I am in it because I believed, and still believe to some extent, that the company has a property with great potential and that they will succeed in exploiting it. that is why I am holding to my shares. The part I did not like about the handling of the news on the delay is that as people were still told that the geological report would be available on or before March 31st a few days ago, when it was impossible for the company not to know at that time that the deadline would be missed, especially if more samples remained to be collected. I understand that, depending on the nature of the area assessed, samples already collected may be inconclusive and that more work could be needed. But again, this was certainly known before March 27. Then, why wait to issue a release to that effect? This is the only thing that has shaken my confidence in management's integrity. Delays and difficulties are expected, but I also expect to be told about them.
On another matter, people ignored the good news about production financing because it is not only good news. Any loan that may carry stock options has a down side called dilution. Moreover, the focus was the geological report and, what that did not materialize, disappointment was anormal reaction.
Anyhow, I am in it until production kicks off and some solid minimal reserve estimates become available, no matter what those reserves are, or until the whole thing proves unfeasible.
Thanks for sharing with us your perspective on things.
Michel |
