Bob:
I agree, we'll see cash flow from the first months of production. But WHEN will the first months be? 1998-1999? "right around the corner",YA....heard that one a few times. Month end covering was the 28th, 29th for settlement on the 31st. That means they were covered at the 1.35 level, of a few days ago. Lucky dogs. The trouble with their PR, is that we'll have cash flow for a year, before anyone at CVR even thinks of issuing a press release to say so, if their past record is anything. Sorry to be so negative here, but I just have NOOOOO confidence left in these incompetents. Hell, even the pump and dumps were up today, as Vancouver starts a little run, despite month end, while we languish with a 30% decline. THE MARKET IS USUALLY RIGHT, AND THE MARKET ISN'T SEEING ANY CONFIDENCE HERE EITHER. You're right Bob, the tight float will be our only salvation with this dog. Too bad Don's excellent DD has been let drift by the company. Sure looked like a winner, and probably would have been long ago, in the hands of capable management. Wonder when the annual meeting is. Like they'de tell you that! Man would I love to ask a few questions at that puppy!
Then it would be "show time" let me tell you.
Wonder why we havn't heard an update from Tom for a while. I think post 246 WAYYYYYYYYY back had the mine just about ready "any day now" Was that April, or May, can't recall..........
Best regards......see ya at .80.........or wherever.
Mike |
