<<I would think IPM better have a good explanation for why>>
How's this: It is _independent_ verification we are waiting for.
This independence by it's nature means they tell us the date, not vice versa. I have no clue what we'll get by the AGM, and for a while have felt it's 50/50 myself... however this does not change my view of the investment.
One year ago the company abandoned a floatation/gravity track. Since then they have developed, tested and optimised a breakthrough leach/recovery system, filled a war chest with staying power (very important for Jr's!) paid $2 million toward the property clearing up debentures and re-negotiating 100% aquisition, purchased a mobile mini-recovery plant, worked with refiners, moved to larger offices, added Sam Shaw to the team, co-ordinated an obviously rigorous on-going verification program for BD, brought in Lyco and started them on PGE's _and_ attracted 12% ownership from Capital Group, a practically historic investment from Midas fund, and obviously serious involvement from other institutions.
Not a bad year...
I think stick around to July if need be... "No problema"
Lew Green
PS... unless really critical, send follow-ups by e-mail please, I'm really trying to cut down on # of posts here. |
