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Monday, May 09, 2011 9:44:27 PM
It is really hard to say much more than I've already said before.
There may be a light at the end of this tunnel, but it could easily be a train coming the other way.
It "looks" like they have resource problems at Guadalupe (how else can one rationally explain the screwing around with the fines, and STILL no trucking etc.) BUT only an insider would know the full story. This is especially true with small mining companies.
The lack of concern for meeting deadlines, and the almost cavalier attitude towards addressing Shareholders concerns is NEVER a good sign for a company, and the PPS clearly reflects that lack of clarity.
What never ceases to amaze me, is (if their posts can be believed) how so many "Longs" on this Board just don't seem to care about the incessant bad news, or at least the complete lack of good news.
I really hope there aren't that many who have truly ridden this all the way down. But if they have, it was (as they constantly remind everyone) their own decision and have the right to have made it.
The problem is that it will now take 3 times as much hype to run it back to where it was, and it will be difficult (at best)for anyone to find facts to support another run towards .03, so the Risk-Reward Ratio has been raised dramatically.
Like it or not, thats my take..............
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