The company seemed to change direction following the bulk sample mining. Instead of setting up their mill and actually extracting value from the ore, they started another drilling program. I lost confidence at that point and sold down my holdings soon after. I find myself wondering if there was friction between management and board with management wanting to mine gold and the board looking to mine investors' pockets.
The resource is still there and is very viable at the current POG. I do wonder about how the plant might be deteriorating and how conditions are changing underground. The ore would still be there though except for what has probably been pilfered from the bulk samples.
GDR
goldstar resources nl
