I couldn't be more thrilled with the progress after listening to the conference call and after hearing the Roth presentation; it's clear to me that this is the time to get the ball rolling on the second mine. It's capital intensive to start the process and will take well over eighteen months to get everything in place. In one simple, small offering they have the capital to get the second mine underway. Then all we have to do is to watch the production rate double again.
I can see if you bought the stock at $3.50, you might be a bit miffed at this point in time. Sorry if this happened to you. I'm afraid you may be victim to the short-sellers here. I wouldn't worry about them though, they're fighting a losing battle against some very strong hands.
You seem to have the impression that the company is losing money, which it's not. They are producing gold and silver daily at a rate of nearly 400 ounces per week. You also make it sound like they are in an endless cycle of loss which couldn't be further from the truth:
they are ramping up production and their bottom line in the process.
Regarding compensation, this was the scheduled stock award for Mr. DeGasperis upon hitting certain production and drilling goals. You make it sound like the CEO gets extravagant, unlimited bonuses. That's just not the case. This "bonus" is nothing new and was part of his compensation package when hired. It's vested in fifths with 3/5's still remaining to vest according to where we're at with yearly production goals.
You can split hairs and try and paint a terrible picture but the fact of the matter is that
there are billions of $$ in metals in the ground (here in the US), much of it near surface. They
have only explored about 10% of their land holdings and have already identified a bonanza grade
structure; the potential here is just enormous.
This company will make buckets of money for patient shareholders and I intend to be one of them.
GLTY
