An Insurance Agent Leading A Mining Company #6
It seems we have a lot of eyes on these blogs. More than I would think is normal. Not sure what to make of this but I can only hope a few have reached out to the various regulatory agencies as well as Directors to ask questions. No I am not an insider but rather an informed shareholder looking from the outside in just like everyone else. What I do have is a long history in the industry and only wished I had originally asked more questions before putting my hard earned money in BB's pockets. My facts can be questionable but my generalities I am pretty sure are close to the truth, the whole truth and nothing but the truth. You decide and take what actions you feel prudent.
It is pretty clear any deal with Harder/InCor leaves us shareholders dead in the water. Harder/InCor are circling the wagons with past loyal foot shoulders. The latest is Doc George Gale with a long past kicking rocks and leaching off of shareholders. Now his interest seems to lean more towards Jamaican Hemp than rocks. Maybe he has been brought back to see if he can establish a successful high altitude weed farm on our properties. Or maybe he is here just for decoration and smoke and mirrors. Flip a coin.
Ever wonder why Harder keeps releasing CCD news on Fridays just before or after market closes? Everyone knows news at that time is news a company is hopping to be lost in the weekend shuffle which means it is never good. Or is that just a coincidence?
PLAN B
Why Plan B and not see what we could auction off our company? Because as long as Harder/InCor are around nobody will pay a nickle for us.
Alternative leaves us with Golden Minerals (AUMN). GM has the people, the money and ability to raise more and they have a liquid stock that trades both in Canada and the US. They also operate in Central America and more importantly Argentina. They could do a stock deal and get us cheap. They could do more in the way of JV but then why would they want to deal with Harder! Harder has quickly turned into another BB. None of our previous JV's ever caught any legs because nobody could handle BB. Harder is just a chip off BB block and the industry is either walked or soon will be as long as he is around.
A deal with AUMN would take Regburg off the hook for their 30% interest, if they sold. Just saying that makes me realize nothing really can move forward without Regburg being on side. That 30% they hold is a deal breaker for just about anyone unless they bring them along. Even Harder/InCor must be struggling with Regburg. Regburg could take shares or cash of Golden and come out a winner for everything they have endured. So could the rest of the shareholders including Harder and the PA for the estates he watches over. Even InCor could unload their 5 or 6 million shares they own. Everyone then has a chance. Is that too much to ask?
Golden could off load Taron with Ecclestone and even sell Fam 1&2 to First Quantum and cover a lot of their upfront costs. This would allow them to focus on our gold/silver/copper and whatever else properties.
CCD shareholders would become shareholders of a more liquid stock run by Mining people. Really, how novel would that be!