Review of recent events.
It has been a particularly quite several weeks while GMD has been gathering its legs beneath itself. There has been many rumours, or comments about pending news releases, some of which are self evident, others merely trying to guess when this event will happen.
As stated in the releases put out in January and February, the company has been examining its position, financially, legally and technically. Any new group becoming involved with GMD would have to assess the company's position, and in situations where the timing of a new group's involvement is not its own, there is a tremendous amount of caution. This caution, coupled with a nervous junior market has made it very difficult to accurately predict the timing of certain events.
From all of the reviews by extremely sophisticated groups and individuals that have gone on, NOT ONE PERSON questioned the value of the properties. I am very pleased that the data supports the value of these properties, and that the company has a sound base from which to proceed. To paraphrase some long-dead European prince, I would hope that the end justifies the wait. You are seeing a company with the wind knocked out of it with tremendous assets start an uphill battle.
Just an update
Dave |
