My only positive note , against my stupid position of (HOLD), is that it won't happen again,somewhere else. A buddy of mine was amazed that I was still a shareholder after all my attempts to sway investors away from the merger.
I really believed that there had to be something about Drumlummon that was not clear and evident from a distance (on the outside ),after I'd realized we lost the vote "73% " not exactly a windfall for the pro merger camp ,but they did win.
I figured the Galena was too good to give up and I still believe it is one of the best silver mines in North America,once properly developed but ....
with no acknowledgement of the merger debacle by any authority,any management or major shareholder it seems to be obvious that the only way we can get our money out of this is by investing more and waiting but...
that might be throwing good money after bad since nothing about the disaster that has almost bankrupted us has ever really been resolved in fact bad deals continue...
Are we still a royalty free company ? I won't phone the company anymore but I'd like to get an answer to that . I believe Blasutti (in order to secure a loan ) gave .05% NSR to private equity. I'm really not sure if that deal went through or it was taken off the table . A scourge ,a blatant insider deal that makes me angry all over again .... Imagine giving NSR to secure a loan that was in fact not necessary and to a larger extent had the merger deal never gone through ,we never would have become involved with private equity which is in my opinion the worst part of small cap investments.
Who really runs this company and for whom ?
Market Data 
Markets 
AI
