Zakaran
posted on
Nov 05, 2013 08:31PM
I posted a very blunt message about AUMN's stock performance in the last 2+ years as it relates to the price of Gold and Silver. I fully realize that there are lots of extenuating circumstances with mining operations. Lots of unforeseen things can and will go wrong. But to me the bottom line is stock performance. I believe it is the CEO's (other officers, and board) fiduciary responsibility to do all that they can for those individuals who show trust in what they do; the shareholders. The landscape for miners, IMHO, started to change dramatically with the incorporation of metal ETF's in 2011. And it has been further exacerbated with the proliferation of algorithms. CEO's are not dumb guys. I think they know (or should know) not only the inner workings of their company, but the whole mining industry as well. Perhaps I'm collectively jumbling together the foibles of all mining executives, but what has dumbfounded me is why haven't the mining executives proactively banded together to work cohesively to help each other out during these extremely tough times? I just feel that Mr. Clevenger (and many other CEO's) are aware of how the machinations and minutae of suppression work. It's the shareholder who has suffered the most. Many other mining stocks have suffered 50,60,70, or even drops of 80+% in their share prices. But to lose roughly 97% in the value of AUMN's shares in the last 27 months is beyond comprehension to me. I will try and never bash anyone's input on this board because we're ultimately trying to help each other out. If I've offended anyone with my blunt assessment, I'm sorry, but I'm just trying to gain some insight into this company's abysmal performance.