No question we are well positioned.
With the LME now placing a 100 day delay in deliveries, the world is drawn like a screaming little child into the realization that there is a finite amount of gold. Always in the 'boiler plate' is language that they can stop or delay delivery. If you don't have it in your ore reserves, or in bullion in your hands, you have no gold, but only a piece of paper 'with a promise'.
Management has done a fantastic job over the last ten years bringing our company from just a dream and selling for $0.02-$0.03 per share to where we are today, on the cusp of becoming a mid-tier producer that has turned in ten consecutive profitable quarters. That the retail markets have not caught on to who, what, and where we are, is their loss not ours.
The large drilling project in Spain comes to an end in about sixty days and exploration costs there will drop accordingly. We can defer an all out assault on San Telmo if necessary. Our production is expanding and our costs are near the lowest in the industry. On top of that our diversification with PDI brings hundreds of millions of dollars into the company. Panama, Portugal, and Spain are all on board with our future plans.
People who moan and scream about our management and share price fail to realize that our stock is so thinly traded that only 1% is traded daily. That of course tells you that those who hold the majority, are holding tight, and well aware of the future. Our major stockholders outside of the company founders and their families: Sprott Asset Management, U.S Global Investors, Vertex One Asset Management, GAMCO Gold Fund, Dimensional Fund Advisors, Black Rock Investment Management. Isn't it obvious these people have done their homework and research, and chosen to place their investments with us?
Welcome newcomers to the board. Do not let those who denigrate our company regularly sway your confidence? Those who hold the 99% of the shares that do not trade back and forth daily are in very good company. The rest do not matter. I do not know much about the effect of positive thoughts on the share price...but I do know a lot about the effect positive, sustaining, fundamental performance will have on our future. Browse the data and photos in the I-Box if you have any doubts.
PETAQUILLA ES PANAMA!!
IF ANYONE CAN SHOW ME A BETTER OPPORTUNITY THAN OURS WITH A FORWARD PE RATIO OF LESS THAN 2.0, PLEASE POST IT HERE!!!
