Considering Ken McNeill’s history of continually missing promoted milestone dates over the last 4+ years, losing the trust of his shareholders, and the markets that he was capable of actually meeting any milestone dates that he had previously promoted the Feb. 29th announcement of a “Reduction in Board of Directors” may not have been Ken’s most intelligent move. Especially considering that the Board of Directors had a letter in their possession from a group of concerned shareholders looking for answers and change.

He will now be running Shore Gold without proper oversight and guidance from a Board of Directors who were tasked with looking after their shareholders best interests. This was a desperate move by an incapable CEO/President who made the decision to reduce the number on the Board of Directors for no other reason than self preservation, imo. You would think that he would want to make sure that everything was above board and any decision would be achieved by going through a “Non-Executive Chairman,” James R. Rothwell, and there would be an open discussion with other unbiased Directors.

I believe that Ken McNeill has overstepped his authority and responsibility to the shareholders and he should now be held accountable. We cannot afford to continue to overpay Ken McNeill for a job not well done and wait another 2 years or more with this individual providing even more misinformation, lack of timely updates, unable to attract a willing partner, missing milestone dates again and again resulting in even more loss of shareholder value. Something has to change.

He may have thought the reduction of the Board of Directors was a good move at this time but... what it really means is that he will become personally responsible for the future of Shore Gold as a company. I don't believe that Ken McNeill is capable of looking after the best interests of a publicly traded company because history has proven that the only person he has really taken care of over the last 4+ years is himself. I'm tired of excuses from Ken McNeill and it will become even more important for him to consider how he runs Shore Gold because now he is accountable. JMHO

Duffer

Below please find a link I provided in an earlier post. Worth a second look.