I guess I must apologize, for when I became a member of SI I didn't read anything in the literature that stated that ALL conversation must be fluffy, without substance, and please; no sharp barbs or pointed questions.
I'm afraid my frustration comes seeing something as promising as MGR could have been, lost because the company principles were not paying enough attention half a world away. The board of directors of the company had the unique opportunity of starting a company during the Bull Market phase of the VSE, and would be too busy with projects like GMD and others to ensure things like Salting does not occur!!!! I'm sorry, but as the company's President, and a geologist at that, someone has to wear the can for not ensuring greater safeguards were in place to ensure this didn't happen. Any geologist who couldn't see that the exploration safeguards presently in place were not adequate to prevent this from happening was kidding themselves.
The type of conviction necessary to prevent this from occuring would mean that you be in Mongolia permanetly until the project is turning out the hundreds of ounces of gold that have been promised. I realize that it is alot more interesting consulting for GMD, standing on the site with millions of ounces of (proven) gold, with a diamond property possibly just as exciting.
In my opinion the investors of MGR have been extremely understanding to this point. I credit this to, as you put it "Dave steadfastly continuing to respond on this thread." As far as I'm concerned I think we should change this thread from "MGR" to "DAVE'S HAND-HOLDING & BABYSITTING THREAD!" If you haven't figured out for yourself by now "TALK IS CHEAP, & ACTION IS WHAT MAKES THINGS HAPPEN" I would say that you should hang on to your money.
No I don't find that Dave instills confidence in me, and if he did there would be alot more people holding MGR and it wouldn't be at a dime. If Peggy Witte told me she was about to build a mine in Mongolia, and that it would be built with specific production dates and values, I would buy tomorrow. She has a track record that tells me that she is a person of few words, and alot of action. If she said the facility would be in production by a specific date, I have confidence because of her track record. She realizes what is required for investor confidence, and even when the Kemess Project in B.C. hit the wall for funding she still reached down even deeper and found it. That's what I'm talking about for investor confidence, a specific day with NO EXCUSES. Investors don't want your excuses, they want results!
Just because someone has a PhD in geology doesn't mean they can run a company, it means they may be able to find the rocks they are looking for. Wake up and smell the coffee!! This turkey is on its last legs with not much future. You must have realized that sometime ago or you wouldn't have sold your stock would you?????? |
