GGY glengarry resources limited

Gosh, you wrote,:"(im sure the director announced when he took...

  1. 24,386 Posts.
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    Gosh, you wrote,:

    "(im sure the director announced when he took over leadership of the company he was only going to focus only on a few projects with value add to the company.)"

    Agreed with you.

    "(he then sold and forfited a few prospects.....and now we have something that might be worth something and we are selling!!!!!....)"

    Again I fully agree with you. A complete turnaround on his initial comments.

    "(on the other hand it will get more expensive too mine soon and we could use the money to buy a established business with a turnover and profit.........)"

    If we never start, and we are worrying about the increased costs of mining, we should get out of it altogether because, we will never become a miner. Think about it.. For sure the costs will increase but, the prices of ores will increase accordingly. Look at BHP and Rio. They do increase their prices annually.
    IMHO, YOU HAVE TO BE IN IT TO WIN IT!!!

    And with the amount of money we have in the bank, what do you think we can buy?????? It is not to think that we have hundreds of millions of dollars you know.??


    "(yet as i read we now have on our portfolio , quite a few prospects that need to be drilled.....,,,so do we stay grass roots company !!!!!are we happy with the director and where are we going too end up....who knows..............)"

    IMHO, Either we do it or we don't. It is either that we mine, or forget about and buy a fish and chips shop, where we know that people have to eat and therefore buy our products.
    In my past experience and recollection,there hasn't been any miner who started mining without some form of risk. After all, the mining sector is all a risk.
    THAT IS WHAT, IT IS ALL ABOUT FOR CRYING OUT ALOUD. THE RISKS ARE HIGH BUT, THE REWARDS CAN BE ALSO VERY HIGH AND, IF SOMEONE WANTS TO PLAY IT SAFE, HE SHOULD LOOK FOR SOMETHING ELSE, LOL.!!!!!


    These are my thoughts. The Directors have to start soon, or else going to work for someone else.

    FOR ME IT IS A NO VOTE!!!!!

    Buddy

 
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