re: Ann: Unaudited Statement of Financial Pos... jbmurc,
I agree that forums should have freedom of speech but hardly anyone is up ramping GRM much but the difference is you are down ramping it severely.
I'm like you, I 've taken a little loss with this one. I sold most at a profit but chose to ignore my stops for the remainder and have lost a little for the entire investment. That is entirely my fault. You have to expect that, investing in small caps and especially when the general markets decide to fall.
In all honesty, the Mexican silver project looked fairly good until the first drill results came through. It was apparant at that stage that they were using the wrong drill, using the wrong lab, and most defifnitely the wrong geo. It looked like a uni research project. Simon should sack the geo and learn from that. Before then there was a ramp fest by posters here hoping for outrages silver assays and some were of the opinion to scrap Turkey.
Now this company has gone from small cap to nano cap. We shouldn't be overly critical. You can't compare this company with many others because of the market cap. Many Nanocaps have ground and they just wait, management are on slow burn and they wait for JV's. I know of at least one which has no ground but are just actively researching and searching for ground, but go from quarterly to quarterly without commiting.
Simon Finnis is at least having a go. If the cap raising is successful, I sure he will not have Turkey as the only project and hopefully he gets projects closer to home. The more projects GRN have the better they will fare IMO. If these markets slowly start to recover, I'd reckon getting in at this level might be a reasonable medium term punt. Like I said before, these are speculative stocks and you have to prepare to lose some sometimes and also learn to let go.
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