Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Marla

Marla

posted on May 12, 2008 12:09PM

<safeharbour, the team has been in Boston and New York meeting with...> "Existing shareholders only. We owe it to them. I would characterize it as handholding, although some of them don’t really need it. There are some funds that have definitely taken the point of view that this is a good time to get in (or get a bigger position) and then hold the stock for a long time. Some of our large shareholders have become even larger and we have some new funds in the stock. We did get commended by a few of them for still going around even when our share price was down so low. I guess a lot of companies hide back at head office when that happens.

The main message is that this is not likely to be sorted out quickly but we are making the most of this time to move forward desktop studies, maintain our camp, reforest some ground and work with the government on the new mining law. We will be positioned to get out a lot of news once the new law comes out and hit the ground running. We are doing the right thing by obeying the mandate suspension but also doing the right thing by our employees, paying them half salary for six months. It is important to keep the communities on-side."

safeharbour


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May 12, 2008 10:23PM
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