Minco Gold Corporation Retains Rubenstein Investor RelationsWednesday February 6, 2:30 pm ET
I thought this was great. This corp. retains a spin doctor to advertise all the great things they got going on in China. Notice nothing is said about any new deals which would bring in badly needed revenue, or maybe a repurchasing of stock to drive share prices up from a mere $.90.
A smart investor will look past all the hype, d-d-d-don’t believe the hype, and look at the financials. It doesn’t take a genius to see all the negative number and conclude this company is a bad investment.
On the oft chance that someone new to the game should stumble across my meager collection of thoughts and read this missive I will say one more time, d-d-d-don’t believe the hype. Don’t buy into this sinking stone until they start to do something about their numbers. Don’t let them talk about “modern technology”, or how they’re exploiting the richness of China’s newly opening markets.
The only thing they should be telling us is what steps they’re taking to fix this failing house, and not with flashy pictures, and flashy words, but with a new release here about a 1.5mil deal with this or that company or group. Maybe they can tell us how they plan on saving the cash that is left in the till.
At the moment their EV is good its just 81% of its Market cap, so thus far their cash out strips their debt. Unfortunately that won’t be the case is they can’t get some income.
Don’t fool us with pretty words Minco, investors only want one thing, money. If you think all you need is better publicity, then may be what you really need is better management. Maybe you could call up my 17 year old niece.
It happened again!
14 years ago
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