SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ironyman who wrote (556)12/1/1997 2:05:00 AM
From: CIMA  Read Replies (1) of 34075
 
Yes someone said that...

Imagine being management of a new venture involving gold mining in Bolivia. Until recently it was impossible as a foreigner to gain legal access to the rights. You are a pioneer, getting a 20 year permit on an historically rich area where previous studies indicate more than 100 million ounces of gold exist, maybe much more. Financing is a problem, but debt is kept manageable by issuing cheap shares at 10 cents. You talk some respected experts from big league gold producers to join your advisory board, they can smell the riches. Your family has lent you money to keep the dream going...finally production, on a limited but gradually increasing scale, begins. The shareholders are getting impatient, the worst bear market in gold in 12 years is underway. The bills are mounting and the share price falling. We are losing a battle but staying focused on the war. It's a war I have to prove to myself, the shareholders and the people of Bolivia that we will win.

I hope this is the management I've invested in.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext