InvestorsHub Logo
Followers 0
Posts 331
Boards Moderated 0
Alias Born 06/10/2004

Re: sortagreen post# 65

Tuesday, 05/23/2006 6:01:19 PM

Tuesday, May 23, 2006 6:01:19 PM

Post# of 1580
sorta, sorry to hear you are out. The earnings have been disappointing, but not totally unexpected. Companies tend to throw money at new mining operations in order to make the production numbers. The cost cutting usually comes later. I think there is a decent chance that the company will get its act together.

I am still concerned, however, that the company was poorly managed before the bankruptcy. The bankruptcy was obviously not in the best interest of share holders, but it sure was a good way for management and insiders to gain ownership of the "new" company. The company still seems to be showing the same lack of concern for the share holders. They should be reporting to share holders monthly on production and costs. Instead share holders are kept in the dark until the quarterly reports are finally published. I am not sure if I trust these guys.