RE:RE:RE:OMG againironhorse12 wrote:
Yeah but sometimes these people could get a horse mad.. They claim they own stock and they bash every move. I guess they think they will put a charge up someone's butt to do something.
Oh, heaven forbid they'd do something.
And with regard to the argument about giving away the company...
As VB mentioned himself, his argument is predicated on the belief that the opportunity for conventional financing is just around the corner.
If it's not, that argument goes out the window. There have been many, many junior resource companies who have wisely given away a significant share of a project.
The reason being that a good percentage of something big (and generating cash flow), is better than 100% of nothing.
In fact, this is what the entire premise of the popular television show, "Shark Tank" is all about. You have individuals with a good idea, but because of a lack of funds or know-how, they are only able to develop the idea so far.
They give away a significant percentage of their company in return for the capital, know-how and connections of the 'sharks'.
Silicon Valley is also littered with individuals who made a fortune because they were willing to trade significant percentages of a company for the money and contacts needed now.
If there are potential partners out there who could help bring this project to reality, where Erin cannot, then it would make ample sense to engineer such a deal.
There are the hard core believers here, who trust that at long last, Erin will reach the promised land on their own. Let's see what happens. My position in the stock is small, in the long run scheme of things -- so more of a lotto ticket to me.
But I will remind you that when it comes to junior mining stocks, it is all about three things (the three 'p's): the project, the people running the company, and the promotion.
IMO, they get an 'F' for promotion.