Guyana Goldfields Inc. actually has a management team and is doing something. Less stock outstanding than Shoreham, a very strong management team that seems to be able to work with the Guyana Geology and Mines Commission (the “GGMC”) which appears to be a stumbling block for Shoreham. Huge money in the bank along with a banking;
The Company had $76 million in cash and bank-backed guaranteed investment certificates held with a major Canadian chartered bank (“total cash”) (October 31, 2009 - $23 million; April 30, 2009 – $16 million)
David Bending has been able to find the properties but his track history over the years is that he has never been able to pull the trigger and as Nike and Tiger Woods would say "Just Do It".
I can just imagine what Dale Walster and the broker in Dundee are thinking right now. The best thing that could happen to Shoreham is Walster walk in with his paper in show his position and tell the Board of Shoreham to get out.
