Developing the El Boleo mine - 2010

Baja Mining Corp. is a Canadian mining company. Baja, through Minera y Metalurgica del Boleo S.A.P.I. de C.V. (MMB), owns a 10% interest in the Boleo copper-cobalt-zinc-manganese project located in Baja California Sur, Mexico.

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Message: Re: What s your take on : Baja Mining raises going concern doubt, shares fall

I just don't know what to think right now. My head is spinning, but probably because I also own TCM and ARG, and all are tanking, although not quite to the extent of Baja.

I'm quite angry with how it has unfolded:

-Citing concerns of within Baja, Mount Kellet attempts to get two directors on the board.

-A nasty proxy ensues, with baja warning "beware the sheep in wolfs clothing"

-Baja barely wins the vote.

-Shortly thereafter, Baja announces: "Oh, by the way, we seem to be 1/4 of a billion over budget." Obviously, they had no way of knowing that PRIOR to the vote. Must of just happened!!

-Shares tumbe.

-Greenslade says: "oh well, I've done what I can. I'm out."

-Shares tumble. Then tumble some more.

-Mount Kellet gets their guys on the board. Shares continue to tumble.

I know only one thing know- this reeks of fraud to me, and I wouldn't put another stupid penny into this company.

And now if you'll excuse me, I need to go and plan another couple extra years of work!

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Jun 25, 2012 11:44PM
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Jul 13, 2012 11:24AM
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