Comstock Inc (LODE)

[Rock Hound]

This is a really good discussion forum for Comstock. The other discussion forum I visit appears to be very young folks, bullish without much background information and each day expect Lode to magically skyrocket. Not very edifying.

I started buy Lode just a few years before Corrado took over. They seemed to have a lot of good geological data from past mining, and were producing open pit. I had no idea they were losing money so aggressively with no real plan. I thought it was startup problems that would self-correct.

I am now very wary but also very optimistic. What Corrado urgently now needs to do (perhaps he is) is clear as a bell:
1. Stop diluting.
2. Announce corporate stock repurchases.Don't have to be huge.
3. Continue to pinch pennies everywhere.
4. SHOW SOME INCOME on the balance sheet, even if very modest at first. That (and stock repurchase) should discourage the shorts.
5. Aggressively pursue the potential fortune in remediation and tailings reprocessing, and not just mercury. (Where is Itronics?)

Perhaps the most important of all: Be as honest, open and direct with the shareholders as owner McEwen has been with MUX shareholders about the multiple disasters (not his fault) which befell McEwen Mining early in 2019 and his practical plan to get them back on track. His recent "Webinar" could be a model for LODE management.

Two concluding points: 1.Whoever put together all those separate properties and claims for Comstock deserves a gold star.
2.If Tonogold does well, Comstock automatically does well, yet the market cap for Tonogold is huge and Comstock's seems way too low at less than 10 million. In fact, Lode's market cap vs. assets is my main reason for believing Lode is significantly undervalued.

Someone will get very rich reevaluating the historic Comstock Lode with new technology and new information. Let us hope it is us.