Crap shoot yes! Though if you call the company 303 573 0221 you will find a compliment of people at their headquarters including the president (phone address book will provide extension #'s). You can discuss company prospects with John Azland or Joe Kircher. I spoke to Joe a week prior to the subsidiary bankruptcy announcement. The President/CEO Allen Bell is still at the helm.
The Alaska mine subsidiary is a low cost producer and still in production.
I have a problem with reported gold production numbers.
Again, 1997 total gold sold was 53,123 oz. (reported news release 4-14-98)
By Sept. 1997 they already sold 45,456. (3rd qtr. 1997 report)
But, by Nov 1997 they reported 131,000 oz on leach pads. (3rd qtr 1997 report)
I was informed that on JAN 1, 1998 dkt had 52,000+ oz in inventory and
that inventory was collateralized. A statement was made that they were borrowing against themselves.
On that January date, there was the difference of the 131,000 left on the leach pads. Additionally, they have been producing 1,000 to 2,000 oz per week from their Alaska mine since Jan 1.
If near correct, they have the gold!
Now, either all their past and present info released is all false, or perhaps they are staging themselves for the new gold bull market arrival, (whenever that occurs). What's your guess?
Could someone please challenge or provide new accurate information.
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