Dear Mr. David RiggI posted this to RIC, LOV and PAT boards. You are in the very same business - narrow vein mining. You can become a major company faster together than going alone........Make it a merger of equals but under AMC management. Offer Rivard's son a key role but not investor relations please.
Dear Mr. Jean Guy Rivard,
Suggestion that could allow you to prosper far more than sitting in RIC with your offspring for the next 20 years......
News is great and this will be a long life mine. PAT is part of my three part strategy around RIC - PAT -LOV. I am also a AMC (ALEXIS) shareholder. I forsee AMC offering for the aging RIC co in a merger of equals of sort. AMC with the junior Rivard would run the new intermediate co.. They would have huge Val D'or milling capacity, Island Gold, many ,many exploration projects, Beaufor complex, Lac Herbin, etc of AMC. Huge gold production worthy of attention and respect and lastly , interest from the investment community. They want intermediates.
Separately, who really cares. The combination will reduce management costs, eject the stale managers, maximize Jean Guy Rivard's retirement better than leaving his son in charge, get PAT shareholders a good deal of AMC stock.etc. AMC shareholders would be rewarded like RIC , LOV and PAT shareholders with a more rapidly rising share price.
If any one is going to RIC annual, please ask why they don't merge with other regional players to form a stronger, better company.
Even if they think they are such a company, it is only a matter of time as AMC currency is growing stronger fast and AMC will see the value of combination.
RIC is going no where as they don't have the scale and it will take many years to make it happen. It can happen this year if RIC management wants it to happen. RIC is not short for the Rivard Income Corporation. As shareholders, we need to see action to make our value rise quickly and ready for the coming gold wave.
Imagine a company I hall call RICHALEXIS. I say that investors from everywhere would rally the stock vs the little bunch of no names called LOV, PAT, RIC, and AMC.
Put it together guys and let's get moving.