As a hobby geologist and investor, Fancamp has kept my interest for several years. I have followed this hub passively for a long time and generally find it is a good place to learn something new.
At present, it is disheartening to read the majority of posters who have aligned themselves with the "concerned shareholders" group. Are we not by defintion; all concerned shareholders?
The main concern I have is for the opportunistic "yellow" approach that Mr. Granger is taking. Is everyone blind to the motivations of this guy? He is not a founding member and is not at all close to the technical geological side of things. He is an administrator, with a penchant for corporate governance issues. He was brought on to the Board to help strengthen it, not destroy it. Obviously he wasn't the best choice given present circumstances.
My worry is that Mr. Granger will spin off the Company's assets (properties) into subsidiary or shell companies whilst making a ton of money and leaving all "concerned shareholders" with very little value.
On the plus side Mr. Smith has always kept a positive and open attitude about the Company that was founded by him. It may not always be what one likes to hear, yet he has a handle on things. He has kept expenses to a minimum, and everything is accounted for using auditors and good practices. It is obvious he is passionate about the resources discovered through his knowledge and those of his colleagues. I think a little more credit should go to him.
I also think the present Board, which has become more diversified over the years, is doing a good job and is most sincere where shareholders are concerned.