Major General--MGJ Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Major General--MGJ

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rocket Red who wrote (1121)	1/25/1999 10:05:00 AM
From: Chad Barrett	Read Replies (1) of 1707

<< One thing about the Major he never stop staking property but I wish they would concintrate on a few projects instead of 20. >> You said it! This company is like a bad joke right now.... Their strategy may be a good long term strategy... IF the resource markets, metal prices, etc. all turn around within the next year or two.... They will have to do enough initial work on each property to attract a JV partner for each in order to realistically work all of the projects they have. Otherwise having all of these properties is useless, and hurts the company more than it helps (they spread their limited resources around, but never are able to really explore any property in depth). I think the management of MGJ must be making some assumptions (bets) on the future direction of the resource market in general... and they are managing this company with a longer term focus. Who knows if it will work? Until one of their properties really hits, the stock price will likely continue to stagnate (because they don't tend to promote too much from what I have seen). A good long term hold I guess... if you believe in the management... Chad

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next