RE: RE: Good read from NOT board - Vale IncoI hope that some of the pumpers on the Not board on ag realize that NOT came into this play only because of their connections in related companies to KWG/SPQ. Richard Nemis was not involved at this time . Neil Novak was the guy behind the discovery. Unfortunately, he was a small time player and didn't realize the potential at the time. He sat on many small Boards and when they got involved with DeBeers, they were after diamonds.
When the suspected Kimberlite hit 8% copper, all his friends on other Boards started staking.
I have been in this play since since 2000 and am astonished by the nepotism and pumping still going on.
If company officials were not allowed to sit on Boards of similar companies, I suspect that this area would belong to KWG/SPQ. Remember Billeken? . Richard Nemis had nothing to do with this discovery. Give the credit to Neil Novak.
People at the time didn't trust KWG management and Mousseau due to past issues.
The reason for the low SPQ/KWG shareprice at this time is likely due to distrust of past dealings.
Some here likely remember someone from SPQ who pumped on SH while his bosses dumped.
He is now a prominent CEO in the JBL.
IMO the discoveries in the JBL were seen as an opportunity to make a few bucks on
some P@D's.
The good news is that it looks like the JBL will likely produce some base metal mines in addition to diamonds.
Good luck to all and hopefully all will get rich.
The majority of the pumpers on the AG Board have no clue about the background.