InvestorsHub Logo
Followers 6
Posts 209
Boards Moderated 0
Alias Born 08/27/2014

Re: goldilockss post# 1035

Saturday, 09/12/2015 2:42:16 AM

Saturday, September 12, 2015 2:42:16 AM

Post# of 1752
Hi goldilockss,

Thanks, and I hope you are right! Looking at the quarterly reports, I get the impression that now they may have more borrowed money to repay than they had at that time, but frankly I am not sure.

You are correct that they announced United Milling should now be making some small profit. September 30th will be the end of the third quarter so I imagine that report will help clarify things.( I assume you can contact the URHG President and ask him directly about monthly expenses, especially if you have attended shareholder meetings).

I was hoping we'd get a PR announcing 40 hours at an ounce an hour so the stock price could move up. There probably won't be anything propping up the share price until that announcement can be made. From this Facebook posting that sounds like the soonest that can happen might be the end of September. It looked to me like someone dumped a million cheap shares over the least couple of weeks out of the blue.

Still, with the info we've gotten this week we do see progress, even if it isn't as fast as I hoped. And definitely the company is keeping us abreast of the plan, the progress (even if it is slow), and their projections in what seems to be an honest and transparent fashion. I guess if it were easy and quick, every mining operation would be an instant success. So I am still optimistic, and instead of looking at the share price as a drag, IMO it is an opportunity to reduce the average price of my portfolio.

- TTH