Several Matters to Think About
posted on
May 31, 2008 10:56AM
I have several somewhat distinct lines of thought I am trying to formulate respecting current SPQ issues. As for now, I would like to comment on the 'Changing of the Guard' at KWG. Given the long and involved HISTORY and WORKING RELATIONSHIP between KWG and SPQ, and the rather INVOLVED and LENGTHY process of valuing their respective contributions with respect to PAST jv exploration activity for the purposes of DIVIDING the various CLAIM PROPERTIES into two VERY DISTINCT groups, AND, thereafter assigning VERY SPECIFIC responsibility and AUTONOMY TO each company for moving the resulting respective CLAIM PROPERTIES forward, and the SUBSEQUENT activity EACH has WILLFULLY undertaken arising from the "NEW Arrangement" for their MUTUAL benefit (as clearly spelled out in the "New Arrangement"), I also believe that the CHANGING of CFO responsibility at KWG is very relevant and pertinent to the well being of "New Arrangement" agreed to by BOTH SPQ and KWG. The big question for us as SPQ Share Holders is, "How Good Is This For US? There are, as I stated in the Header for this post, SEVERAL MATTERS we should be considering at this time. This Post is but a lead into exploring potential linkage of PAST Corporate HISTORY with the CURRENT situation. We also have the UC JV Agreement, present exploration activity, and Share STRUCTURE and Corporate Finances matters that deserve Very Much examination.
I am very certain Management has a Plan, and also expect they have been DEVELOPING and EXPLORING various contingencies for the future (and most especially the near future as in the next 6-18 months). I feel confident Management knows of and are dealing (or attempting to) with several matters they know to be of immediate or specific interest, and maybe one or more matters of general interest, that they believe affect the well being and future health of the Company.
With these MATTERS we must count on Management to address them as best they can weather we trust or not. If a Share Holder is having TRUST issues they should raise them or or move on. Now it a good time to do either.
As for the Share Structure issue, I am still considering what I can propose in terms of alternatives to Managements proposition. Otherwise, I can only think Management knows why they are making the vote request at this time. But there are other matters to be considered over and above the stated rational to seeking this particular approval from Share Holders.
Old Joe
PS: Trying to identify, separate, and integrate potential important considerations for the 'Matters at Hand'.