Re: Jennings Revised Est - Report to shareholders
in response to
by
posted on
Apr 14, 2012 01:41PM
There appears to be something gravely out of order and character with this company , which just a few short months ago was the junior darling that made the most rapid advance from an unknown never before explored Borden Lake area to defining 5.8 million ozs. of gold in just 15 months . There appears to be absolutely no justification for how a select few traders have virtually decimated/destroyed the sp ,beyond all reason.
If Management does not come out and defend this company and its great assets and very soon ,then more and more investors will start questioning whether anything is for real.
Quite frankly,how can 5.8 million ozs. of gold and 10 million t. plus of chromite ( not even counting the cash and other assets) be worth a mere $39 million?? Who the heck do these select traders think we are ? They cannot fool all the people all the time. We know that the assets are worth at least in the order of $500-$700 million.
This is totally ridiculous and I am stating right now that ,IMO, perhaps now is the time a change in the entire Management and BOD should be put on the table .