Your 5 positive points are all accurate ,imo.,but...
It is important to note that this was listed as a "non-cash" expense. Much if not all of it was a write down due to our crack management team discovering that Drumlummon wasn't worth what they paid for it.
In a sense ,they really didn't pay for it ,we did. OR common shareholders did (which they were part of), but their losses were compensated with in the money options. Down the line ,you'll get your 40/oz silver,they know that and that's when they become well off, we get back to ground zero and maybe a decent profit.
Just a while back,I was still above water,no longer. I easily could have averaged down but I find it difficult to invest anymore here until these guys answer the critics. Nothing would make me happier than for them to explain away the criticism of their apparent greed and unfriendliness towards common shareholders. I firmly believe with a valid argument that the Galena Complex is currently the most undervalued producing silver mine in the U.S/Canada,possibly Mexico. So many Mexican mines ,I can't be sure.
These guys know they are literally sitting on the goose that can lay the silver egg,so long as they feed her. The problem is they want to feed her imported food (private equity) instead of home cooking . (profits).They are themselves eating all the home cooking.
I'd really like a glance at salaries if anybody knows how to see them .
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