Colleen, what I believe right now is that there is gold there, but that GE will never touch it, directly or indirectly. GE will not fulfil its obligations towards the coop, will loose the concession, and somebody else will get something going with the coop.
The stock will drop to zero soon, in my opinion. I figure that putting the money in real lottery tickets would get me a higher return.
I am very disapointed, but the 8k had nothing positive, nothing at all.
As for Sabrina saying to someone that the financials are done... yeah, right! If that was the case, why was it not said in the 8k?
On the impact of releasing the financials, everybody should know by now that GE is in the red, but I suspect that the number of outstanding shares has jumped considerably, and that will kill the stock price. So, I see a lot on the downside, but absolutely nothing on the up side, at least for GE, even if the deposit contains hundreds of million of ounces economically minable gold.
Sorry
Michel |
