Re: "Do it right or not at all"
in response to
by
posted on
Jan 09, 2012 02:35AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
For clarity, the Do it right or not at all … over and over and over again was supposed to be a joke.
Personally I’ve heard it far too often and I’ve only been here for a few months, I can only feel sorry for the long time longs.
I agree with phockeyboy, it almost sounds like you guys are upset because your pipeline has a kink in it, he was far more diplomatic.
Which directors have you been talking with? Are they all in agreement with your assessment? To be clear; are you saying that the directors are saying things are not going to plan? I know that is not exactly what you said, however if one of the directors is unclear as to the plan and the status of that plan, I find it very disturbing that one of the directors would be vetting those concerns with investors, rather than obtaining clarity with the other directors. Are you saying that all avenues of communication have broken down? On the other hand if there is no material new news over the holidays, is that really shocking, given where we are in the process?
I’ve not met any of the directors, but Murry seems to be held in very high regard by many who post here. I’m sure he and his wife are very nice individuals and are almost like family to many of you.
I don’t like the disunity that seems to be occurring recently, this is the one thing we do not need at this stage of the process. It would normally be used as a tactic by someone trying to take control, normally not in the best interests of shareholders.
I’m not a director, and I’ve only been here for a few months, yet the plan seems relatively clear to me.
1. Maximize the use of technology to minimize the expense of defining drill targets.
2. Maintain a tightly united Board of Directors.
3. Do not sign non-disclosure agreements with potential buyers, as they are not in the best interests of shareholders, unless you really what to be left in the dark.
4. Do not release information prematurely and negatively impact shareholder value from a buyout.
5. Spinout properties whose value would be overshadowed/cloud the fair value of Tesoro.
6. Maximize world equity markets access to SLI. AMEX, China, Europe
7. Obtain as much exposure as possible to increase awareness, hence more offers. China, NY, SF …
8. Submit samples for assay in a manner that maximizes value without prompting a premature buyout offer. (Not likely to get an offer without trenching results which are now just a matter of processing and compilation).
9. Be in a position to drill more holes to provide further proof as necessary.
10. Acquire sufficient information to ensure shareholders receive fair value on buyout.
At this point I believe we are waiting for sufficient information to ensure we as shareholders receive a fair value on take out.
We should start getting news when they have received the first phase of the shallow drill program which may or may not have occurred yet. I would hope for some analysis providing a correlation to the Titan 24 survey, however that may be overly optimistic on my part considering the need for news. I’m sure prospective buyers will be making more timely sense of individual drill hole results than our average shareholder. I’m not sure that’s in the best interests of shareholders value.
Now if you’re talking about not being made aware of field assays which Lori strongly denies take place at SLI (so strongly that it almost sounds ludicrous) or not being privy to some of the drilling results which may have been received, welcome to the world of the common investor. You know, Lori seemed to be awfully concerned at the AGM about insider information (Martha Stewart over and over and over again).
By the way, I never knew there was such a thing as an insider blackout until I was following SLI.
I may be ignorant to many facets of the inner workings of SLI as a newcomer, but I’m having a hard time seeing what the problems are with the progression of the Tesoro plan.
Sorry for being abrasive, it seems to be the current tone of the board.
BubaBob.