Dude. It pays to be skeptical in this business. Had I believed at face value everything gold mining CEOs have said over the past few years I'd be broke by now. When a company has said it will do something and lets its shareholders down (just ask BAA shareholders who bought a few years ago), you'd be foolishly naive not to question, question, question. And sorry, but the complete collapse of BAA SP over the past few years cannot ALL be blamed on POG. If so, why have other miners been stable over this time? its just a convenient excuse. I care about this company, but that doesnt mean I think they're doing a great job - I just think they should improve their act. And you know what? This is a world class deposit, it deserves world class management - not mediocrity. I think they can do this, but I'm yet to be convinced thats all.
Now this Chinese thing. I can only speak from experience. I was involved with a junior miner a few years ago and nothing good came from the Chinese investor - who just turned out to be a vulture. Maybe you don't know about Chinese investors - they like t buy distressed assets dor WAY below fair value. Ever heard of Village Main Reef? That was a South African miner with about 80 million oz of gold and already producing mines. The Chinese snapped them up for wait for it.........55 million dollars. You what I call that? Theft.
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