I'm at a loss...

 

"Commenting on the indicative proposal, Monument President and CEO, Robert F. Baldock, said:  "As part of the planned operation of Monument's Mengapur Polymetalic Project, one of the main by-products will be sulphuric acid.  In combination with an adequate supply of phosphate rock, it is intended that Monument will manufacture a range of high-grade fertilizer products." 

 

Fertilizer? Really? Did he just open a newspaper and read that gold is dead, and decide that he needs to completely switch industries? Why not ask the shareholders whether they'd prefer a $0.10 dividend, or to aquire some penny-share phosphate exploration company? 

 

Many companies have come and gone overestimating their ability to enter new industries. I've got an extremely bad feeling about this. I want to stay positive though: at least the BoD of the other company isn't made up of all the same guys we've been complaining about for months.... 

 

Anyone else have an opinion?