Good to hear from you again. Yes, some of us have held on. My average is .89p, so it gives you an idea of the percentage drops since I invested back in mid-late 2010.
My feeling with this is that an incompetent CEO stepped aside (or should I say upstairs) for another buffoon of a CEO to take his place. Jobs for mates in the industry.
Seven years almost I've been here and nothing has yet been achieved, only severe dilutions and shareholder misery. Not even a JORC at what is now our primary project or even a defined extent exists.
The people in charge of some of these AIM companies have no conscience, no, and using ORE as an example, if the CEO had a conscience, he would resign, given his awful performance. Likewise the former CEO, who is now conveniently upstairs.
It's all words matey, no value has ever been brought. Meanwhile, wages are still collected, without these people batting an eyelid.
We will need more funds for this year's drilling program, and look at the sp.
I made the comments early in the new year that some with a hefty amount of shares was pumping and dumping. Nothing since has changed my mind. ORE no plans, no start dates, no JV, no communication, poor results from Silverton and very little cash to do anything with at Mutsk. There is no reason for the share to increase from the year low to last week's high.
There are names here that I well remember from the past. My own small ORE stake was flushed down the toilet a long time back . . . should have woken up as soon as I saw the toy pump emptying the flooded passage in 2010.
Reading the recent posts here and am shaken by the scale of losses suffered. Equally shocked by review of other situations on the bbs, especially FLOW. Do these people have a conscience?
Yes, probably because they talk a good game, yet their actions rarely match their words. They then often move on to a new role before being found out how utterly pap they are. Or, they are extremely fortunate that a particular company with which they were involved becomes a success, yet it has nothing to do with them, but the handy coattail ride seems like the right thing to do. Lol.
Yes, it's been a terrible investment, and the management team doesn't appear to give a toss about the ever diminishing sp. Slowey should have resigned before Bird arrived, following that year where ORE did close to nothing and we shareholders were conveniently starved of info. Bird should have resigned after that placing at 0.015p and the decision to take a stake in Silverton as a second project, that turns out is also crap.
I'm not happy, only because we long-termers have no chance of getting our money back, no matter how many times we may have averaged down over the years. How long before the BOD defines the Mutsk extent?
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