Baby must go to K-5
in response to
by
posted on
Oct 13, 2010 03:30PM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
"So fellow shareholders we need to write in a new slate and i will have some concrete suggestions later this week... one thing to propose names - another to be sure they will accept - working on it. And if anybody out there can help - let me know." -fani
What is the process? What timelines must be met prior to AGM. When are voting materials sent? etc...
A CEO who desires maximum profits for his shareholders should see the above as supporting a CEO's potential to move a stock instead of viewing it as retail meddling. For the next person who talks to Peter, ask him three questions,
1) "Do you feel this is meddling, and how could it harm the advancement of the stock price?
2) "Is placing maximum profit in shareholder's possession as soon as possible contrary to your plans?"
3) "What mistakes have you made and what will you improve on?"
I think the above questions are essential to being addressed prior to the AGM.
While Champion and Golden Hope are rising, Fancamp remains flat despite its more varied potential properties. I think he can sense shareholder discontentment. Based on the last news release, he's trying to make improvements already.
I also think while Pat sold out Champion shares, Peter did the right thing keeping Fancamp's share of Champion to max FNC profit. But is it to maximize shareholder profit? He's looking for Gold at Beauce and nickel at McFaulds. Supposedly he is taking the Magpie metallurgical studies to the next level.
So it's not like he's inactive. It's a question of doubt that our CEO can handle the next level with a budgetary mind-set. For example, based on evidence from the past Champion deal, will he give 70 percent ownership of Magpie away, because he lacked the ability to bring cash in to prove it up a bit. If C-1 does in fact have gold, do we have the directors in place to maximize it or will it be squandered to keep the company afloat?
I am no expert on the next level. There are many inner-working intricacies I can sense are at play, but I can't get a grasp on. I just see that many of the properties haven't been taken there. Maybe I'm too impatient and thus unrealistic. How much time did it take Champion to rise to the next level? How much time did it take Freewest to do so? Why haven't we done so with our properties? We have ore in Magpie. We had ore in Champion.
What do they have which we don't? It's something other then just the ore.
So I may be wrong and Peter is the right man for the job. Many think he isn't. I just want this topic to be a major focus at the next AGM. And I would think it's in Peter Smith's interest to do so, because FNC is his baby. You can't keep your baby in preschool forever, you've got to take time and figure out a good K though 5, right? Otherwise you'll never see your baby's assets grow.
Please debate, defend, prosecute, and explore.
-StockGreed