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Message: Corporate governance

Am thinking that the apparent lack of independent and upfront corporate governance is holding back the professional investors. Because all the decision making resides in the hands of family and friends, Wall Street will need to see real results before serious buying occurs. Potential gains from the mountain will not be able to overcome what some see as nepotism and inflated salaries, and of course, there are the professional bashers to scare away newbies. I think this will be behind us after drilling begins, which is still a few months away. The SHM should be interesting with harder questions being asked this go around.

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