The mines supposedly still held by GWGD are listed here on the back pages - I remember someone even costing out their value - so if anyone cares to backtrack..........
They were on the website but now we can't accesss.
What we should ask ourselves is why they still keep this dog going if it is worthless - especially when they are doing nothing, and saying nothing, to keep the shareholders in.
There is another angle to my previous post in which I set out a possible scenario. It is that if, and when, gold does rise big time, as I am convinced it will, and in the very near future now, they could find someway of excluding current shareholders from benefiting. (I have thought of a way they could try this on but won't go into it now)
I guess, it all depends on just how crooked these guys are.
They could then sell off any reserves they have, and as they possible hold most of the shares (they have picked, and are still picking, up for nothing, they will make a fortune.
But, if the POG rises as some say to over a $1000+ (and remember this is no more, in fact less, I think, than what $800
was back in 1980 when it reached that price) then the current share price would be seen as under-valuing the company.
So, they would clean up selling all the shares they hold at a much higher price and have a going business to boot.
They will win, either way.
Don't forget ALL the mines are down at present. It is not the climate for 'pumping' a tiddler like this. It would be a waste of time and effort. If I were in 'the chair' I would hold my fire until the mines are back in favour - BIG TIME!
Peter, I too am in the UK - London
Good hunting to all
AI
