OTCPK:MALZF - Post by User
Comment by
Eudaimoniaon Aug 11, 2010 9:37pm
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Post# 17343325
RE: Not happy.
RE: Not happy.I am not happy either.
Clearly the initial decision to spin out has not worked out. Would be happier if OGR's share price was much higher to faciliate this and to avoid 20+% dilution. OGR has a flagship property -the Taunus mine- that they should be soley concentrating on. No need to divert resources and attention until this is brought into production with minimal dilution. I hope they will model TMM as a prime example of how to execute. Once in production, then by all means feel free to pick up OSR. This just looks like a way to save face and not lose out on stock options, etc.
I will be voting against it and following up with management about this. I'll be surprised if this doesn't go through and like bravekind i am concerned about their motives for such a decision.
My apologies if i've offended any OSR shareholders, not my intention.
GLA,
Eudaimonia