Supreme Irony!
posted on
Aug 06, 2008 01:20AM
The company whose shareholders were better than its management
All this time we've been told how risky Ecuador is, and yet the real risk turns out to be our own Board of Directors! How ironic is that? But you know what's even more ironic? Sitting around waiting for a counter-bid like this was the Make a Wish Foundation, that's what.
So how much is that doggy in the window? $7.95? $8.95? Not long ago it was $25. What happened to that? What, it's not worth fighting for anymore? Is that what you're trying to say? That's what you're telegraphing here, you know. Oh please Mr Newmont! Please Mr Barrick! Rescue us from the Big Bad Kinross!
Oh but wait! We're sure to get a high price because everyone knows the majors need to replace reserves, right? Uh huh. So who do you think's been hammering us into the ground this past year? And not just us, the entire sector. You think that's a coincidence? Lets see... Majors need reserves.... hammered into the ground. Majors need reserves... hammered into the ground.
Starting to get the picture?
So what's the alternative? Well, you know what I'm going to say, right? Shake off this insulting bid, fire the Board of Directors, and build the mine ourselves. And yes, I'm entirely serious about working with the Ecuadorean Government, in fact I've already got people making inquiries. Didn't know I could do that, did you?
You've all seen the plan. No need to repeat it here. All we need now is some GENUINE INVESTORS to step up and be counted. You know, some Ben Graham, Warren Buffett, Peter Lynch look-a-likes? People that understand the value of what we're sitting on. People with a vision that extends beyond the end of next week.
OK, that's it. I'm done. I'm told everyone who needs to hear this already has, so now I'll just sit and wait for the phone to ring.
ebear