Let us see the "real world". So if one caused such a loss of shareholder value a sthey did in 2012 one would receive a promotion ?
Management deserves a lot of credit , they have constructed a company that has access to a mill, nearby mines, in a time of rising gold prices- and stuck to it raising $400,000 last year in a tough financing environment, and keep progressing with a permit. With a penny stock and a DTC chill CFO has somehow kept this alive.
None of my posts have indicated that I would expect a quick turnaround; and that it will take time to go back into operation,delays are to be expected.Dilution is obviously continuing, and will until company can generate cash flow. The idea that a public company with $5,000 can stay reporting and go into production is definitely not "the real world".
However in the "real world" people are expected to perform. Simply the company IMO ( and others I have spoken to about the stock) does not seem to grap how a junior mining company reports information nor apparently is it that effective considering their problems holding the stock price. Seems an IR problem so what is wrong with indentifying the problem ? Since CFO doesnt have background in this industry not even a surprize.
Look at how almost every company reports NI43-101 results, or other pre production mining companies report on SEC filings,you will quickly see the difference.
Sure projected extraction costs will change, but this with information on the orders, CAPEX, etc allows investors to ballpark what the value might be, shows that company wishes to build credibility and meet projections.
Putting out press releases saying company has $200+ million in value based on historical information and little to support it just causes some investors to shy away form the stock. I know because I mentioned stock to a few people who saw those press releases and backed off- smacked of over-promotional hype and gave impression maybe management couldn't operate at a higher level.Not saying they are right but the goal of IR is to build volume and the stock price now and in the future. If it doesnt do that why shouldn't it be questioned ?
