I must state that i have nothing personal really against the management of emg
they are trying
the methodolgy is not correct here
If a company is going to pay X amount of dollars to and IR person then lets have some that does not pump and dump this stock
it is already in a bad enough situation with our respect for the management, the IR team, the layout of an IR PLan
something must be wrong here
if we have 250,000 ounces of gold in a ten hectare area, then maybe kinda sure it might be elsewhere in the same or similiar geological environment or lithological horizon
sure
why not
but i know there is a better way of disseminating news other than the way it is being handled
one thing i disgust in is extremely high volume (1.5million and 0.8 million shares) trading the day before a 1.5 day trading halt.
the stock rose 50% on information that must of been discussed before hand
that is wrong in my books
slam people with news
dont leak and then hope for better because we know that the investment community has already built the share price to the high before news
it is then logical that the stock will fall to the .12/.13 range
imagine ...just imagine if they held a tight lipped ship
then slam with news
at least some of us sitting with paper trying to unload at the near .20-.25 range might have an opportunity
Lets stick 10-15 holes in the area around this 250,000 ounce resource in step outs of say 300 meters - 500 meters outside the halo that we have already received data
if these holes come in with what we think they have then excellent
This 250,000 will be 2-5 million ounces
we sell the stock to Homestake for $4-8 a share and we are all happy
but in this market it is hard to find an investor or broker or anal-yst that will come out and say "Hey, lets extrapolate this data...holy smokes we have 3-5 million ounces"
NOT
We have to prove our self through competent management, professional IR Team, industry respected consultants and firms, and maybe even a buy-in agreement with Placer, Homestake, Barrick, Teck, Cambior, Mitshibushi, Cominco (?)
and some good intercepts regionally, then unlike the poster about 5-7 responses back we know
but then we have to have these IR Team and Management keep it hush hush and then let er' go
They keep disproving themselves to me and my EMG stock!
I bought in on the play, the promising area, the history of the region, the geology, the political stability and the idea that hey when you have all this behind you, you have something
but remember that the front line has to know something about mining, geology, engineering and be able to deliver the corporate message to the investment community
I have lost my faith in Marie....she told me to my face that EMG came begging to her....and she said well it better be a good package and a good salary and EMG knelt before her and said please..she said ok
well good for her...i am happy for her....but if you believe in the properties and potential then why would ya want such an incredible package..you would feel honored to work on such a project and with the potential there.....$0.15 options you would make a killing on the rise and share appreciation.....you dont only do it if you get big bucks and big options..that shows me that you are doing it for your own and only your own greed.....and will from that point on pump and dump to make some money over the short term
remember the goal is:
Maximization of Shareholder Wealth
not lets see how much money we can make
I apologize for my nature of posts but EMG and us have to realize that we need to change part of their management structure to get things done or we will continue to hold $0.13 paper for another year
Do you want that or should we read this post and just say "Shutup Alastair"
I may go on and on
but i feel it is important
again i apologize for the long post but hey that is what this forum is all about
to discuss your feelings on the stocks you own or wish to own
As always
Alastair |
