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Gold/Mining/Energy : Cosigo Resources symbol CSG.v -- Ignore unavailable to you. Want to Upgrade?


To: 3bar who wrote (475)7/15/2012 9:11:47 AM
From: DoctorSolar  Read Replies (1) | Respond to of 717
 
Thanks for the update. It must be difficult for folks like Barry to maintain their credibility in these circumstances. The shareholders want info and rightly so. He passes on what he has currently been told only to find the government fail to live up to their projected dates. Well that's what we believe to be happening! In turn shareholders may feel the company is not well run as dates keep slipping.

I always maintained this process would drag out much longer than originally projected. Looks like my original September time frame for drilling may prove to be pretty accurate.

The thing that keeps me in this stock is the belief that this property was surely not put up for bid just to be left in limbo land. Some powerful folks in government surely want this thing to be developed in a controlled and environmentally sound manner that most importantly generates them big tax receipts! What surprises me is that if this is the case why on earth have these powerful forces not been able to get this thing moving. Well who knows what complex politics may be at play here but the balance of probabilities would suggest this thing will get the go ahead even after all these delays.

There is gold here. We know that. How much the drills will tell.

We can also be sure that if the gov do not give the go ahead then other entities will pull this stuff out the ground in a hazardous and environmentally damaging manner. They could pay for security to guard this zone I suppose. But then why go to all that expense when you could actually make money by taxing a company who can pull the stuff out the ground in a sound and controlled manner.

I'm bullish... this is not always a good sign ha!