Re: Prospective buy out
in response to
by
posted on
Apr 13, 2012 02:30PM
When the huge offer of funds was brought to the company on a plater in April/11 in amount of $15 Million and then increased a few days later to $25 million, bells should have been ringing loud and clear as to what this is all about. Go back and look at the posts on this board at the time. This appeared to be a generous offering ,far more then Probe could ever spend over the next few years . Why was the deal done ?? Work programs for 2011 and beyond never called for outlays coming even close to this. And then the fund boys came back again with another platter of dollars last fall,at a time when the first batch was barely touched. Again why was the second deal taken?? FOR WHOSE SHORT RUN BENEFIT? WAS THE COMPANY EVEN LOOKING FOR FUNDS LAST APRIL OR LAST NOV?? Maybe so, but probably not what it was handed . Company still has in excess of $32 million in the kitty today which is probably more then enough for next few years.
This seems to stink badly in many many respects and IMO we should not sit idle seeing our investment dollars raped away.
Yesterday was a great day for the markets ,for bullion and for most gold stocks .
In fact ,of the 66 companies making up the XAU,HUI,GOX,JSE and TSX GOLD INDECES,only 3 were down. All others were up ,some substantially.
Trr,which has a much lower M & I resource was up nearly 12 %
What did Probe do? Up a mere 4 cents. Why did it not rally as others did ?
Today being a risk-off day,with bullion down $22., Probe sinks almost 8 %. The pattern is loud and clear ,IMO. They hold the sp down when gold and markets are strong and they hammer the sp down aggressively at the first glimspe of bullion/general markets weakening.
Where is the bottom and when does this stupidety stop ?
Do we just sit on our butts and watch this go down the drain ?
Anyone out there feeling being screwed continually and what can/should we do ?
Where is Dave and the BOD ?
What do they have to say ?