I listened to a Rick Rule interview for the first time in a long, long time the other day. The reason i haven't listened lately is he tends to repeat himself so it's a heard one heard 'em all thing. A couple of things struck me 1) he was very positive about Australia - more positive than North America and 2) he said he doesn't have a problem with AIM. That's interesting because he used to have a big problem with AIM. I was invested in Mariana Resources when Sprott took an interest and it was top priority for them to persuade the company to dual-list in Toronto. If you're going where i think you're going with this - i think it might have legs. It's crossed my mind too.
TBH as regards the interview i don't think it's crucial as some posters are saying. IMHO he is damned if he does and damned if he doesn't at the moment. The reaction to it will be largely subjective like the reaction to the results were.
@PippiLongStockin: "comfort from mutual dis-satisfaction of a collective of stung shareholders who got in high based off high hopes?" TBH most of the 'negative collective' seem to be posters i don't remember seeing on this board until yesterday morning. Not at all convinced they're in the majority.
Thought about it last night and added this morning. The turning point was a character posting on this board that CB is 'inept' at communication and by logical extension is going to be inept at everything else. I don't think a CEO with the gumption to get our own drill and lab facilities when the rest of AIM is struggling to get contractors and assay results can be called inept. There are issues about communication but in other respects - doing the mining as opposed to wet-nursing a lot of whining retail investors - CB is one of the most competent and pro-active CEOs in the AIM miners. Previous results at Bailieston and Creswick speak to that.
TBH i'm not fussed if CB does an interview or not right now. I just hope he learns from this fiasco and puts improvements in place. IMHO it's worth going back to the RNS and reading it again. The objective case for investing is sound. It hasn't been damaged at all. It's what's happened to sentiment that's the problem.
Guys - tell him. Tell him straight. It's likely he has a fair idea already but it wouldn't hurt to be told. IMHO the investing case is as sound as it has been all along. But today's share price is largely a self-inflicted wound. Sentiment.
@RobRoy007. IMHO there isn't cause to go so far as to treat everything he says with suspicion. But i think he has made a real b@lls of keeping shareholders on his side. I don't think it's the same thing and i sure hope he learns from it.
@RobRoy007: "Also, JV? Unlikely. No credible BIGGIE gold company is gonna JV, based on a tooth filling." The JV isn't anything to do with this set of drill results. The JV is Creswick. This is Bailieston.
@Lochranzalad. But that's the point i'm making: in the case of GGP the share price has been 'lying' since the start of the year. It didn't fall all the way from 38p to 19p on the Scally results: it fell on a change of sentiment caused by the Scally results and other factors. The GGP share price never justified being at 19p except on sentiment. You said that a share price doesn't lie - but share prices are always lying.
@ONEDAYRODDERS: "Maybe not 'promising' but perhaps the repeated references to Fosterville .. " CB speaking in the RNS this morning he doesn't think it's misplaced: "We remain as excited as ever about the potential of the Bailieston gold project, which is located around 30 kilometres from the Fosterville gold mine owned by Kirkland Lake Gold and which includes the Blue Moon gold discovery confirmed by high-grade results from previous drilling by ECR.”
@Lochranzalad: " ... a falling share price dont lie ??" If a falling share price don't lie someone had better tell the guys on the GGP board. Share prices are always 'lying'. That's the nature of the beast.
@Pollack: "I must have missed something here ... what was everyone expecting to cause a 20% drop?" What you've missed are some big leaps from the facts to supposition to projecting into the future. It reaches a point it's all subjective.
IMHO some of the things being said about CB are a travesty of the facts and the situation. I think he's made a mess of PR and i sure hope he learns from it. But i don't think it's calculated duplicity. I think we shouldn't forget all the other things going with ECR. This is just one set of results coming on top a PR b@llsup.
@AG1989: "Maybe a JV here as well would be a good move, relocate MIDAS to Tambo South/North as and when they're announced. He seems to have a good team in place I'm just trying to add the pieces together as we recieve them." TBH i think we've been heading for 2 JVs (Bailieston AND Creswick) since Boucher came on board as the 3rd geologist.