RE:RE:RE:RE:RE:AOTTrueGold wrote
I agree with Molly4 in 99% of what he\she has to say. My only difference is in the compensation they give themselves without the stock producing for the shareholders. Us shareholders have to put out our hard earned money and sit and wait. For myself and many others we have put out our money at much higher prices only to watch the stock drop and drop and drop. Management does not have to put out a single penny. They get paid a darn good salary and can sit and wait to see how everything pans out and then can exercise their options. Even with that said they do not have to come up with a single penny. They can exercise and let the Brokerage House they deal with net the price of the Option out and then submit that to the company.
Even if management OPTIONS are out of the money or will expire all they do is cancel them or let them expire and then issue new ones.
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Having personally been in the position of some AOT investors such as yourself holding shares in a junior miner for years waiting for things to happen as they try to construct a mine i know how frustrating it can be waiting as it seems to take forever for the mine to get built especially if you are underwater with your shares. Anybody remember Rubicon? Does Aurcana ring a bell? I have a few more that i would rather forget.
Personally i dont have the patience to wait years for a junior miner to get all the approvals, financing, construction and startup and commercial production with all the risk, cost over runs and unforseen events that usually happen before becoming a producer. Mining especially by under financed juniors with no income trying to build a mine is a tough business and often does not end well.
With junior miners where AOT will be in the coming months is where i like to try and buy shares if the price is reasonable. Not on the verge of production but getting closer everyday. Usually by this time in the development project costs, financing, cost over runs, startup and any other major problems have become more clear and the market is not yet fully aware of production getting closer. And also very importantly the time to wait for the investment to pay off is usually a lot shorter.
Yes management of every company does try and take care of themselves and these Fu@ckers are no different. The one differance here over the vast majority of junior miners {and i have looked at a lot} is that they have large and relatively rich gold reserves with a good chance of finding a lot more, and a past producing mine with the mill lots of underground development and other infrastructure already built and just requiring some relatively small upgrades to get back into production.
Not to mention that although isolated they are near a small town and paved highway and seaport which have a lot of advantages. Not in the middle of nowhere hundreds of miles away from roads or civilization. They also have financing to get back into production from people who know a bit about investing in gold miners.
This managment also has a very good track record and has done it before. Personally i would rather invest in a company that has everything going for it such as AOT over some "Moose Pasture" gold miner with no mine, little or no gold, poor management etc just a bunch of hype and a good PR department. Those are the ones that wildhorse should invest in.
Yes management in one of those broken down companies will likely never make a lot on their options as the company will likely never be worth anything. The problem with that though is that shareholders will never make any money either.
The asset here is very good with everything going for it. That is what attracted the experienced, capable management. They saw the asset and the near term potential and thats why they came on board. They are not with AOT because they are in love with Stewart or you and me.
They are here because they think they will make a lot of money as they have done before and there is every likelyhood that they will.
Anybody who wants to make a lot of money had better ignore all the noise and tag along.
I know i will.