Seems to strike a nerve asking for even the most basic information
that almost any pre-production junior mining company would typically release if they project production in the current year. I admit I am a bit mystified. In response to your post :
1.I have already decided this is a good speculative vehicle in the short term, I am just trying to gather information to decide whether to look at a more sizeable investment.
2.As far as forward looking statements- the company has already done this in their powerpoint and corporate brochure, providing revenue and gross margin percentage forecast. Since the questions emerge from their own selective projections, I do not see it as unreasonable to understand their own projections.Thier SEC disclosure on capital requirements certainly doesnt seem to be complete.
3.I certainly believe before contacting the CFO it makes sense for me to learn about the company, through reviewing public information and consulting people like yourself who have followed the company longer.As far as his being paid either in cash or shares my point simply if the fellow is to earn $300,000 a year, and has a huge task ahead of him, common courtesy would be not to waste his time until I have finished my review.I respect that he has this huge task.
4. The information they have released simply does not provide sufficient basis even to gte a ballpark idea of whether they will be able to produce in the fall. As I have written I do not really care whether they produce in the fall or next year, but I do care whether management has the ability to pull this off,and how probably it may be- this could be a superb medium and long term investment. The SEC reports do not provide very much information compared to what usually a junior mining company about to produce would release.Look at SEC Guide 7, it is only a few pages, it outlines information normally expected.
Yes I am trying to do my homework, which - and sorry if I misinterpet your email- seems to get on the nerves of some people.
I do agree with you projections and forward-looking statements need to be considered carefully, but if one gives out a projection that one is going into production it is not unreasonable imo if figures dont make sense to ask for a bit more informaton. If they are going into production without reserves or even indicated resources, fine as long as we know. endeavor did just that and became a big success.
Thanks for taking time to answer my posts,and let's cross our fingers management meets their own projections !
