This attached assessment would also apply to the ECU last two share emissions with the attached warrants, but other options were but few, these financiers hollow out the mining industry rather than build to serve their own short term predator interests.

By: Jim Sinclair Post Edited: June 23, 2009 at 1:45 pm General Editorial

The quick answer is not to the West, not to Europe, but to Kuwait, Saudi Arabia, China, Russia, Kazakhstan and Cyprus.

These people understand the creation of companies, goals, objectives and plans.

The US, Canada and Euroland have become areas of complex paper shufflers used to leverage financial murder, which they seem to be able to get away with.

When is the last time you witnessed any credible underwriter finance a junior exploration, development or mining company that was not a front for a Hedge fund PIPE financing that is a guillotine for the company’s shareholders?

An underwriter for a junior company is a total OXYMORON.

This is not true in the countries mentioned above who have their own technical teams sent around the world to identify mineral potential and secure financing or join in the development and operation.

Majors have become banks with a hole in the ground in their back year by coincidence. They are as pleasant to deal with as Black Beard but not as honest or caring. Their mindset is that of a Bankster.

Their actions are causing them problems in the mineral rich developing nations.

I would dare to say that 90% of problems being experienced by major companies in their host countries have been brought on by their lack of understanding that culture drives conduct and you must not screw your host.

China, Russia, Kazakhstan, Cyprus, Kuwait and Saudi Arabia are the futures of enterprise building major companies in extractive products of the Earth, not the West. The West has given it away by seeking the business of those that destroy as a living.

If you are not there, you are nowhere.