from/PRIVATE BOARD Posted By: Cooper123
Posted Time: 9/30/2006 11:57 EST
Michael, my good friend, your questions are important to you and all of us, your contribution here is important. Having said that I feel you should list all thoe questions you have and e-mail Guy, especially "a whats in it for us" question to the horses mouth.
In my opinion Bamako, has explained the reasons for the owner to have a partner, however Guy owes the shareholders a proper explanation in order for investors to purchase the shares of PLE with all the info available. "Unless we have a lawyer aboard to explain exactly whats happening"
Although in my opinion the owner would benifit much more without PLE,
the owner of the property is no different from anyone else when it comes to risk, why we as shareholders, are quick to reduce risk, why would anyone not?
Even all the insider trading/selling in PLE can be explained as reducing risk.
Just think of the size of this property, its huge. I don't know where everyone lives, but I live in Ontario. Well the property that PLE now has a 40% of is almost the size of Ontario.
Ontario is Area: 1,076,395 Km² and our new property is over 900,000 km2, so I don,t blame the owner from reducing risk, and in my opinion we will all benifit by his insecurity. This is bigger than any of us know. Have you ever driven the length and breadth of Ontario ? Also remember as well as a 1000 km2 the property goes down all the way to hell.
Think of what Guy has done since he discovered the Bolsa property was untouched,with a huge mineralization ? unlike our $30 a share neighbor, he has got us shareholders a ton of the soon too be the most desirous real estate in the world and I for one bought 40,000 more shares on Friday.
The big guys Newmont/Barrick/Goldcorp are all looking for future assets, they have lots of cash, and very little reserves, its only a question of who bites first, and a bidding war will pursue. That my friends is how this deal will bring the benifits to the shareholders.You can bet your bank account PLE is being closely watched by all of the above companies and many more.