TSX:LSG.DB - Post by User
Post by
Timminsgoldon Oct 11, 2006 11:01am
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Post# 11487081
BRIAN BOOTH MUST GO
BRIAN BOOTH MUST GOBrian Booth preaches the gospel that his primary objective is to increase shareholder value. He talks the talk, but certainly does not walk the walk. During the past year LSG shareholder's value has decreased by more than 50%. THIS DOES NOT SUPPORT HIS CLAIM OF INCREASING SHAREHOLDER VALUE. If this is the best he can demonstrate, then he should do the right thing and resign and allow a more pro-active president to be selected by the board.
If I have mis-read BB's actions I am puzzled on how he has increased shareholder value. LSG has a world class asset in the Timmins west orebody, otherwise known as the Dr. Raman mine. It has a promising project at Vogel Schumacher. In Cuba the Loma Hierro mine had an excellent IRR with silver at $5.50 oz. I do not recall a word in print or otherwise, relating to the Loma Hierro silver mine, although the price of silver has more than doubled.
How can BB create increased shareholder value, when he or his associates will not tell shareholders or the world where LSG is going, but equally as important: HOW LSG IS GOING TO GET THERE?
Mr. Booth, if you will not tell your shareholders this information then do the honourable thing and RESIGN!!!!!