Tuesday, April 02, 2013 2:26:19 PM
I believe that there is a group of people, that have a business plan to make money, and they are using public means to fund that endeavor. I have no problem with that.
The issue I'm having trouble resolving, is are these people competent in the endeavor to which they are trying to produce revenue? I don't question their drive or their desire, or the fact that the product is there to be mined (already a given that it is marketable).
Let's use the Gold Rush scenario: Can't question the desire and drive of Todd Hoffman, but the man is a complete idiot about mining, and his ego won't let any amount of intellect take over. He's a failure and I would never invest in him.
Now take Dave Turin- the man gets stuff done and doesn't take "No" for an answer. He gets the right personnel, the right equipment, and does things in a logical manner, all at the same time, counting the cost and profit margin.
So, my issue is: Is an investment in GYST an investment in Todd Hoffman, or one in Dave Turin?
Until it's Dave Turin, I have to sit on the fence and keep my money in my pocket. Unless Todd Hoffman can talk loud enough and long enough, that I think enough other people will listen, then I can buy low and sell high...... but that only benefits me, no one else. (and for the record, I'm OK with that.)
Best of luck all.
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