credibility issue29 Jul 2009 18:33
I think at the moment the safest thing is for us to assume that nothing is currently happening with regard to either the reopening of the black angel zinc mine or the gold mine. As I have stated numerous times I am a long time holder of agu and intend to remain so. However, at this time the agu board and company as a whole definitely have a credibility issue. Its right that they are not pumping out rns's due to the fact, in my opinion that they have nothing to put out, whether it be their inability to get things in motion or the Greenland governments incredible slowness rubberstamping the legal documents. Various people, myself included have been told directly by the agu board that general meetings, confirmation of takeover of goldmine documentation signed, agreement of the cyrus proposals etc, were all iminent and expected within days. This has gone on for months now and is to my mind getting rather ridiculous and increasing the credibility issue. I know these things do take time, but let us not forget that the available time to carry out major work within Greenland due to the harsh weather season makes things all the more critical. Hopefully this posting will be totally irrelevant shortly and we can get on with assessing this share for what it really is. Be it a golden egg or a rotten one.