Re: Interim Reports (to be posted soon) The Real Gary ?
posted on
Dec 22, 2008 05:45PM
Producing Mines and "state-of-the-art" Mill
My money is just as tied up in this company as each and every one of you. The one thing I seem to have done different from some of you guys is that I have phoned the company and asked my questions. I want to know that I have not lost everything in this investment too. It has been very hard - knowing that we are on care and maintenance - that the company has been put up for sale/merger/financing and I have no idea about the terms. It seems to be taking for ever and many of us wonder where we will find the money to keep things going. Somehow we have lasted far longer then many of us expected. We need to ask ourselves some questions? If there was no hope for us, why were those interim reports done and why were the security exchanges willing to allow the extra time for the reports to be done and they said that the deficiencies had been met? Could this be that someone else needed to see these conditions in writing? We have watched the auto packages being worked on and it has involved more then one country - did you notice how much longer it took and one action was dependent on another. The Nickel industry, has been affected by the international situation - Could our deal, have had interested parties being interested in seeing the outcome? Now, when you go out and get a mortgage on a house, how much paperwork was involved. Was everything rubber stamped or were there things for you to do and did you have to wait? Did your real estate agent let you know that you owned the home before everything was cleared? Could you make any anouncement about anything until you knew for certain? I think this deal is much the same. Sometimes we cannot have a printed update but there is nothing stopping you picking up a phone and talking to Gary and asking him information. If you have concerns about why no one wants our share and how we came to have the loss in value in our sp you need to ask those questions. I can give you every explanation in the world but the company is accountable to you. I have asked my questions and I accept the answers. The only thing I have been able to say as hub leader is to say that I know the feelings I am experiencing and I can understand your frustration. I also realize that I can sell my shares and accept the loss and all that implies or put my trust in management and just sit tight. Hopefully I will see a much better price then what it is selling at today. This is my choice. Not yours. I have had to turn to my husband and say that our accounts have been hit hard. That was the hardest thing I ever had to do. I learned that he still wanted me and loved me. That was the best gift that I could ever get. My family is the most important thing to me. I am scared about this stock market just as you guys are. I put a positive spin on things because that is how I choose to post. I understand declining Ni prices and LME a whole lot more now. I listen very closely to what is being said by our leaders now and I do a whole lot of praying. Am I scared? You bet I am! Do I still believe in our holdings? Yes I do and I truely hope that someone sees the infrastructure in place that our private placements have financed and truely hope we will see better value for our shares. Mine is just one posters views but honestly, the most important opinion about your money is your own. Mine you can file in file 13 anytime you wish!!!