RE: Sterling calling the shots...
A few months back, I was enthusiastic enough to pay $20(+/-) to listen to the conference call, even got to ask a question, which was a little theory I had @ the time. Your comments reminded me.
Namely, that w/o production revenue, the cash was coming from Sterling. Sterling gets a piece of whatever is developed w/their $. So you're Sterling...what do you want your money to do, develop? Or produce?
Also, at the time, and since then, they've generated squat in revenues. Can't say I blame them. If I had $ coming in for ops, and the price of gold sucked, I wouldn't be selling it either. What's the point? Ya keep it 'til the PoG comes back.
Nobody picked up on my thoughts here. And, when I questioned Jim C on the conference call, he stressed that both production and development were being pursued w/equal fervor. I'm still doubtful. The 1/4ly numbers will eventually bear out the truth.
BTW, to all; I see no close >$1 since early Jan98. Does anyone know if the NASD has put them on double secret probation? & if so, when their drop dead date is for delisting? |
