Hello c185pilot2000 Thank you for your four posts today on this forum. Actually, your first posts every on the Baja board. I am delighted to learn that you own 50,000 Baja shares. That is twice as many shares as I own. I am impressed.
I commend you for choosing to invest in Baja Mining Corp. I think that you made the right choice as did Mount Kellet when it started to acquire an $80 million dollar equity position, in April of last year. Due to your due diligence, you must surely know that Mount Kellett conducted very entensive due diligence long before it started buying a single Baja share. MK's extensive due diligence included:
- visiting the Boleo property for a two day field visit in the fall of 2010,
- reading the Baja 2011 Management Informational Circular in the early part of April 2011, at which time MK knew exactly the 2010 compensation (base salary, cash bonus and long term options awards) of all directors and senior management including Ms. Kendra Low. SEE page 44.
As a result of the above extensive due diligence, Mount Kellett then invested $80 millions dollars in the purchase of Baja shares.
I don't know if the nepotism and options were "quite raw" as I have never encountered that expression during my 52 years of investing in securities. I do know, as a fact, that everything was fully documented and accounted for according to the security laws of British Colombia. Everything you complain about can be found in black and white in the April 2011 Management Circular. Turn to page 18 and you will read: " ... He (Greenslade) is also President and CEO of Catalyst Copper Corp. (a mineral exploration company)." It is there in black and white.
I wish you well with all of your investments, now and in the future.
Cheers,
Doug.