GGY 2.41% 8.1¢ glengarry resources limited

hold your hats folks, page-9

  1. 40 Posts.
    Brilliantly put, cloggy. I also have lost a considerable amount of money by believing their forcast for the Maitland mine. "Copper continues to the centre of the earth", many different options, mine within two years, etc. etc. I'm sure this is probably true, but KZL are the ones who will be benefitting from it. I believe that KZL put pressure on the board to sell for a ridiculously low price or else they would take the company over and the GGY board would all lose their lucrative salaries. That is why this director has increased his shareholding....they are desperate to keep their jobs. If the shareholders can somehow win the vote at the meeting, I'm sure that KZL will then make a takover offer, as Maitland is worth far more than $6.5mill.and another company might think so too.
 
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