43-101
posted on
Feb 25, 2010 11:04AM
Focused on exploration and advancement of mineral projects in Peru
Up til now, I've considered myself a fairly good investor, based on the companies I've invested. I have a pretty good track record picking good properties that have potential in all fundamentals. I'm stumped with DRV. Their are other fundamentals at play here, IMO, this is coming down to Mgmt and the 43-101. I think if we had a 43-101 the perception and speculation would then be interpreted into facts and something investors and instutuions could put their fingers on rather than, okay now lets wait another 3-8 months before we find another target to drill. And, lets wait to see how much money mgnt has to drill (x) amount of holes. When is the company going to start drilling again? Why are they waiting so long to start drilling again? Is the company going to do another PP soon and at what price? When this and why that????
Bottom line is I think, there are too many unanswered questions here that are not being answered to the key investors, therefore they sell out and go elsewhere.
A few weeks ago, I sent another simple email to Mr. Reeder asking " If DRV plans to re activate company relations with agoracom" I still have not gotten a reply. Now, put yourself into the mind of a large instutution investment point of view. Why would you buy into a company that has no urgency in keeping the shareholders informed and upto date with the facts and future plans. I knew this would be a long term play, but my god, this company moves at a snails pace.
I'm not trying to bash Mgmt, I'm simply implying that just because your a good Geologist and good at defining a target or two, doesn't make you a good a good CEO. Now that you found the deposit, you need to market your company. Sure, no doubt we have a tremendous property, it's the mgmt that is of concern to me now. Like I said on my previous email, " I could not find yesterdays PR announced in the key places, how many potential investors have not and will not even know about this PR?????