“Fnc’s ‘new’ way of doing business does not require anyone at the top to do anything except collect their salary, sell shares when needed and watch the s/p tank.”
Tony, your sentiments are my sentiments. However, it’s not exactly as White and Black as you say. Sorry to be a Nag on this. My credibility in this forum is that I have the facts on my side. So, I’m at liberty to say some pretty outrageous-sounding things because the facts are equally outrageous; and the facts are all I need to prove myself.
So far as FNC’s “new way of doing business...not requiring anyone at the top” to do much of anything. I disagree but understand what you’re driving at. FNC’s “new way of doing business” still requires deals to be made and still has our Great Sovereign on the prowl, continuing to acquire properties (in a somewhat scaled-down and self-disciplined mode). I have no real problem with that. Even better, I praise his accomplishments and the progress he’s making in a very difficult mineral exploration environment.
From what I can tell, there’s nothing deficient in Dr. Smith’s work ethic. From what I can tell, his recent deals serve the Shareholder’s well. Also, his recent focus South of the St. Lawrence appears to be well-thought-out and well-executed.
Of course the deficiency is Dr. Smith’s total inability to grasp the fact that attending to the market for our shares is critically important. As a consequence, he gives it absolutely no attention. He pays a perfectly capable PR guy, Michael D’Amico, to do the tiniest fraction of what most seriously must be done. Even worse, Dr. Smith takes a keen interest in making sure Mr. D’Amico does as little as possible.
When it comes to assembling a formidable portfolio of mineral resource riches, Dr. Smith’s work ethic is in overdrive and his achievements are superb. When it comes to our share price, there are very well-known elementary principles of sustained and targeted business development and business-to-business communications that Dr. Smith has (literally) chosen to ignore (even when I used every means under-the-sun to bring them to his attention on behalf of Shareholders for Accountability at Fancamp).
