Management held their stock, the institutions held there stock, and the poor amateur investors (who did the real damage to the stock value) ran like hell. Lets put the blame where its due.
Rob, What can anyone say? Announcements of 0.25 (and more) leading up to the "BD Report" (which showed only 0.03) did the real damage to the stock. Predictions of a "mighty mining house", "chickens coming home to roost", etc. did little to help the value of the stock when mgt. was finally forced to admit that they had made no progress in the amount of gold they could recover. Spending millions in the process of making no reportable progress didn't help the value of the stock, either. But then, it's always someone else, isn't it (e.g., AZDOM, "poor amateur investors", Bill, Zeeve, marcos, the "shorts"; it's never management's responsibility; it's never the unrealized expectations that were raised by IPM and the cheerleaders on this thread. Interesting to note that you now identify the "poor amateur investors" as the culprits. Well, they got their just due, didn't they?
O. H. |
