i seriously consider all investors, day traders and potential investors in general mining corporation to watch the following clip provided in the link below before they go knocking Boris and the team at the helm of General Mining Corporation. Its obvious that the lack of media attention to date has played a pivotal role in seeing the GMM shareprice slide quite considerably over the short term, and a lot can be attributed to investors jumping ship with no announcements to date on a drilling contractor being finalised for our potash deposit but hopefully after watching this short clip the angst towards our board can be kept to a minimum as they have already disclosed on numerou occassions that their search for a suitable drilling contractor continues.
Hopefully after watching this short clip which was produced on lateline business abc, people will understand how different and difficult it is to find the suitable skills in Mongolia as opposed to Autralia where their seems to be considerable infrastuture and labour to unearth resource projects. The board cannot necessarily be blamed for the skills shortage in Mongolia and have been very forthcoming in continually disclosing to the market that they continue to search for a suitable contractor to drill our UVS Potash deposit. With drilling happening left right and centre in the country, you can only imagine how much harder it must be looking for a drill rig with specialsied ability to drill our potash deposit- not forgetting to find suitably qualified personnel in an already labour stricken country -
I hear many saying that they wish that GMM would be more PR savvy to ignite interest from the investing community to keep them on their radars but its pointless if there is nothing new to report. Besides, if they were to put out another preso or two rehashing the same known facts and potential of their projects then they would be condemmed for just presenting the same material- so unfortunatly their hands are tied and in due time im sure they will just let their drilling results speak for themselves and reward their brave shareholders whom were able to be patient through this shareprice decline on low volume of late-
All in all, as tough as it may be seeing our shareprice not performing as an instant multibager overnight, our projects are quality assets which have undergone extensive drilling results which pave the way for great shareprice appreciation should they hit the motherlode of discoveries. As transparent is the shareprice slide lately on low volume, just keep in mind that we have enormous potential even though at present the shareprice may lead you to think differently. With our tiny 47 million odd shares being traded on the ASX at present, remain optimistic that should GMM decide to make acquisitions in the future or raise funds to drill our other quality assets, we do have room to move- (even though not ideal)-
Just remember that with the board of GMM having an extensive vested interest also in GMM, they, like us, have as much desire to see the GMM shareprice burst through pur resistance levels in the low 20c range and with favourable announcements in the near term and more than comfortable to remain invested in this company with a solid suite of projects able to tranform it into a very profitable mid tier mining powerhouse in the medium-long term -
http://www.youtube.com/watch?v=yTl2LUpZ82I
ps: might also be of interest to grab your hands on the latest june/july edition of Resource Stocks as their is a very insightful artile on Mongolia and the exploration push
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