GREY:SWYDF - Post by User
Comment by
mjl777on Nov 20, 2014 12:17pm
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RE:Before we allow the board to spiral ... again
RE:Before we allow the board to spiral ... againHeckle, I don't buy all of what you've stated, but the main issue I have is your assertion that retail shareholders are just along for the ride. In fact, we are part owners of the company, with the same rights as the insiders and major shareholders. I don't think anyone on this thread would be critical of Stornoway's leadership if they had measured their decisions on the basis of how those decisions affected minority shareholders. But they didn't. Their strategy for Renard failed resulting in a poor deal for us - not the major shareholders or new shareholders. But, instead of admitting their failure, they did the exact opposite. They rewarded themselves hansomely. For what? For a refreshing take on junior mining corporate ethics, take a look at this presentation from the 13:50 to 16:00 minute mark:
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2014/11/05/victoria-gold-corp/play/stream/13130
In stark contrast to Stornoway, this is such a well-run and grounded company.
You'll be happy to know that this is my last post slagging the company for its past transgressions. However, I reserve the right to comment on future stuff.