I think management are incredibly legitimate (and have a reputation for being so) – with the greatest respect Birdseye. Personally, I am against shouting from the roof-tops for no particular reason, in that respect I agree with them. Talking it up I think is a short term game in a good market, and only if you want a bit of volume for some reason. I cannot think of a single company where this has done them any good in the long-term.
Maybe the company is a little quiet about their good work – but no body is perfect. I think Mike and Stan are a great team - and Mike is really making solid inroads - which is recognised by those in the know.
This is a solid company, and believe that they will eventually come up with the goods.
While everyone hunkers down and tries to ride this storm out for a year or two, do continuous capital raising’s, dilute existing holders, and put their projects effectively on ice. GIR will be drilling continuously, oblivious to all the pain that others suffer, grow their resources and I believe prove something quite substantial – and when all this madness ends, this company will only go one way.
I agree that the uranium deposit is a sleeper. But make no mistake, the future is iron ore. And potentially, this little company could become a really big one.
Patience
GIR Price at posting:
32.5¢ Sentiment: LT Buy Disclosure: Held