Virginijus Poshkus,
I have been following the company & stock for 2 years and have been accumulating the shares for over 10 months. I have researched every aspect of their operation from the ground up including the main principals Gerald & Hugh Ross as well as the bd. of directors. I now have well in excess of six figures in total shares and still feel comfortable knowing the real fundamentals & steady strategy behind their vision. For the last 3 years in a row, GNY has continued to double their cash flow per share as well as improve their earnings. Further, their dynamic entry into the international exploration arena with first class & world class projects & partners, has really impressed me. They have done it in a way so as not to risk any dilution in the share value.
I know it's frustrating right now, but this is not a hype job. These people have put in many years and are now on the verge of significantly and materially changing the company to a much higher level of operation. I believe that the present junior bear market coupled with the tremendous one-sided cash influx to the blue chips and senior level stocks ( many institutions are cleaning out spec acc'ts ) has taken away many investors temporarily. I can also personally tell you that I have even called the president, as well as Bob V. and they have been prompt in their time to respond and have been very courteous.
I personally would like to see more attention & activity in this arena from the IR dept, but they have been busy on the road talking to the institutions.
I will be talking with Mr. Ross Monday and hopefully will have a clearer picture of what/how/when any relevant pieces to the puzzle are going to be placed.
Remember, the stock has more than doubled in less than a year - I think, with much conviction & research behind me ,that a year from now we will see a price that should reflect the awesome potential in Gabon as well as the other major claims that are presently being assessed.
Hang in there, and note that the stock is essentially trading at 25% below their break-up value of $1.35.
If you have any specific concerns, just mail me, I have a large investment and want to be there when it starts to "blossom".
Regards,
Mark C. |
