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Re: RichieBoy post# 2319

Wednesday, 12/03/2008 10:01:23 AM

Wednesday, December 03, 2008 10:01:23 AM

Post# of 8728
Wow, Richie... when you feel negative you really go whole hog, don't you? I am certainly one of the skeptical ones too, however I do recognize one clear difference between this company and the Mongolian Yak Pasture Mining Adventure.... In this iteration there ARE outstanding contracts... We actually have a factory being built from the ground up to fulfill these contracts. In Mongolia it was really just a hope and a prayer.... We THINK we have a lot of gold in the ground... but that never really went any further.
That being said, I would also like to know what the revenue projections are... and when it is expected that we will be in a positive cash flow situation. It wasn't clear to me from the NR what new equipment was waiting to be installed... I took it to mean the second pair of buffers. Someone else on here believes that it is some yet to be disclosed equipment.
And... I agree that Mr. Glusic was most likely hoping to have a significant announcement on his reture from Magog, but if that was the case, apparently it didn't pan out yet. This last NR really was no news as far as I'm concerned too. Hopefully the next NR will have some substance... We could realy use something meaningful to help put the SP closer to where it SHOULD be.

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