<Never thought I would say but "the Fix" is not only "in" but is "in touch with reality".>
I am in touch with reality, this company has nothing but high hopes based on some potentially decent properties.
Re Indonesia--- sorry I value it at zero until they receive a cow. frankly I just ignore Wayne's positive posts re Indonesia. It just is not going to happen over there until they sort out their political mess. Two to five years.
Re Rappa--- I value it at what they can sell it for and "sleepy Dennis " appears to be keeping his mouth shut.
Re Lady Lina--- it cost them some 200 hundred thousand last fiscal year to keep it running. It is also on the block. My valuation for share price nothing.
Re BC--- Nothing proven and it will take all this drill season to prove anything. last year after spending 3.9 million dollars they have an indicated resource of 65000 ounzes, big deal.
Steppe Resources--- I have not done any DD thus no comment on property. Re Steppe management, they appear less then honest on the surface.
Less then honest on the surface is not new to Dennis and his Cayman Isle buddies, anyone remember Coleville and Peter perry, seems Dennis was tight with them. Heck, he still maybe a neighbour.
Re Dennis Gray's 150000 holding, I for one do not believe for a second that is the only holding. Logically, he founded the company in 1993 he only holds 150000 shares, something stinks. How many shares are held in offshore corporations that he controls? We all know he has at least one off shore company. I wonder how many shares Paul Gray holds, we know he resigned as a director this past year.
Re Southward--- he has been promising news since the day he started. Typical IR full of crap and broken promises.
I think Wayne just plain bought too many shares, he made a beginners mistake and kept averaging down. However, I do admire Wayne's attempts at rationalizing the current situation re Antares, but it is just that rationalizing. Nothing has happened and nothing will, if it does it will be a promo run giving people a chance to bail out and bail they will.
Still hoping it goes, but that is all hoping and knowing if it sees 60 cents in the next few months, it will be a miracle. |
