Sunday, October 14, 2007 11:55:05 PM
What is missing? The amount of gold...purity is Not an asset, accordinlgy does Not give any evidence of value to the company.
That purity could be from a flake of gold in the gold bearing ore...or it could be a kilogram. That, precisely is the missing component, "how much gold has been refined and / or sold?"
Shipments of ore have been sent for the last year....yet No indication / verification of actual gold amounts, ore (dirt) is not much of an asset to give value to a company nor their stock price.
As CrazyJogger said...they have been mining for 10yrs, yet still no mention of any gold amounts!! Have they been stockpiling gold for 10 years? That seems unlikely and if so, one would have to conclude that shareholders are not likely to get a share of the profits...taking past into present.
I know investors have been emailing Gerry / Dror for probably at least a year...seems rather apparent they have no regard for their investors. The question is...why would I want to invest in a company such as this, knowing they have / feel No responsibility to their shareholders?!
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