Comstock Inc (LODE)

[standintall]

Gold is at $1,600 an ounce and LODE needs another $10 million? Hmmm... I wonder if Corrado and the boys remember that this is supposed to be a profit deal... That was their stated purpose wasn't it?

Seems the primary purpose of this company has gotten lost in their obsession with gutting the landscape and lowering the quality of life in the area.

Certainly dumping even more stock on the market at these prices isn't the way to increase shareholder value.

Seems to me the way to proceed would have been to focus on maximize production given current capability while reducing expenses so that they could start booking some profits.... then with growing profits would come market support... and rising stock prices. Then float another offering if a greater investment in infrastructure would result in greater earnings.

Perhaps such a weird concept was too outlandish for their sophisticated understanding of things. After all.. for $360k a year plus about $5 million in bonuses annually, why should Corrado worry himself about such a trivial thing as profits?