I dumped my Republic Gold stock last week. They were under-performing, which caused me to take a more detailed look at the stock. The problem was I observed some anomalies in their reporting. I contacted the company, and was not satisfied with the response. I might be an alarmist, but too many companies are mining the market, and I'm not going to tolerate it for a third time. Previous cases being GLN, MLX. Call me a purist, but I have long believed that CEOs should disclose all the facts, and not selectively use their discretion to achieve 'maximum effect'.
In this case SheldonDIDNTthink - at least not critically until some loss was taken. Sorry to all those concerned. For the next 5 years I see myself as very busy, so the market comes send place. Please only use this information as a guide along with other sources of information.
In this case SheldonDIDNTthink - at least not critically until some loss was taken. Sorry to all those concerned. For the next 5 years I see myself as very busy, so the market comes send place. Please only use this information as a guide along with other sources of information.
The issue I had with the company was their lack of disclosure, 'missing' bulk sample data. This to me is critical. It seems implausible to me that data can simply go missing. The old 'My Patagonian dog ate my results' just strikes me as dubious. i.e. Something some 5th grader would argue. Its easy for a company to convey that they bought the project at a low cost, but I simply think the data at depth is lacking, even if the surface trenching results look ok.
Republic Gold is dealing with nuggetty gold, and this is why this issue is so important. The stock has not attracted any interest with rising gold prices, so I feel safe letting this one go.
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Andrew Sheldon www.sheldonthinks.com
Andrew Sheldon www.sheldonthinks.com
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