RE: RE: RE: ... don't blame TAM for the crisisCan you tell me where I said that please? Thanks in advance.
I agree with something Cali/Cruc said a bit ago.
But they ensure they award themselves plenty of options in a heads Iwin, tails you lose option award program in the remote chancelightening does strike. And they'd never bother to set up a play withshareholders interests to align with theirs anyway - that would bepatently absurd from their perspective. Instead, they've got thesweetest deal you can get - a 3% GORR that comes off the top, regardlessof profitability. The first 5 deposits can generate ~$1B revenues if Irecall - and PK/Burns get 3%, or potentially $30MM regardless ofwhether PP ever makes a dime of profit.
As such, PK/Burns have 30MM reasons of incentive to get PP intoproduction. But absolutely no incentive or concern if shareholders evermake a dime - to them, profits are totally immaterial. All they need toretire in comfort and make a small fortune is to keep PP producing foras long as possible. PK set up the gravy train from the start - ifprofits come, it wouldn't be of much interest, other than ensuring evenmore royalty income flows her way.
Recall that PK and Burns sold PP to TAM for a nice windfall yearsago - for several million if I recall correctly - what were their costs?Nothing, other than restaking PP and filing a bit of paper work. Andnow, for merely doing her job and 30MM reasons to get PP funded anyway,her crony hand picked, lap dog BOD gives her 2% finders fee forfinancing regardless of price - 12.5% paper with 7.5% fees - eh, whocares? PK gets $300K for arranging what is effect loan shark financing.Got to love it. And some here think it's a step in the rightdirection? You just had your pocket picked for goodness sakes.
Got to hand it to PK. She is relentless when it comes to lining her own pocket.
My eyes are wide open this time around. I hate the fees and how expensive the paper is to US, not THEM. THAT is my problem, not the banksters moving private debt to public debt. That I have studied extensively.
I wish us all luck but gets your facts right. So the 20M recently was what, due to the crisis when they say it is for long term order items, then they don't even count any of it towards the mine costs. This is nuts, can't you see it?