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08:17
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Originally posted by Cheekytiger:
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It is looking more and more likely that the Mt Thirsty JV is going to be bought out(in my eyes anyway). The big question is who and at what price. The SP for both companies is ridiculously low. Is this because friends and relatives of management are being advised to buy as much as they can to gain a windfall?.......... There appear to be many many questions about this whole Mt Thirsty project from the time GAL announced the Callisto discovery.......The historical drill cores( which would have been a significant quantity) somehow just disappeared......This would have saved a lot of money because all that would have had to happen is assays be performed on the heavily disseminated sulphides instead of redrilling all of those holes.....Then the decision to assay the weakily disseminated sulphides made both SPs nosedive in a massive way and to this date they have never recovered. They turned out to be dusters....Why on earth didnt they just test the heavily disseminated sulphides like GAL have been doing?.......It is hard to believe that both companies management teams are this incompetent.........I doubt that they are.......Then can someone explain why the company hired a South African geologist who specialises in platreef style PGEs when the JV just are not interested in these type of minerals?.......I just hope that all of this deliberate downplaying of highly attractive minerals is going to pay all of us retail shareholders a very fair price.........Every day I shake my head at the ridiculous decisions that have been made at Mt Thirsty let alone on the gold side of things........Good luck to fellow retail shareholders the time is near for answers to some questions...
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A very perceptive assessment,Cheekytiger.It has a ring of truth about it.If it turns out to be so, then in my eyes that constitutes deception and a brazen attempt to cheat the majority of retail shareholders out of their due rewards.One way to thwart it, is to vote in a completely different BoD when the time comes.Stay invested,I would ask.Your share votes will be vital.
