GREY:AUAYF - Post by User
Post by
xdmmdx3on Aug 05, 2008 10:55am
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Post# 15358151
Well no matter how you slice or dice it...
Well no matter how you slice or dice it...No matter how dark colored your glasses are (ie. waldipup, wayne and others) you CAN NOT take away the massive experience that has been injected into Adanac.
Over and over we have been saying we need good leadership to make things happen, and that a good project is nothing without it. Blue Pearl was the perfect example of a garbage project (Davidson site on a ski hill) turned to gold by the right management (acquiring the right company) and moving forward.
Face it, Larry and Mike were not CEO/president type material to take this project to the next level. David Stone had some experience, but he really DID NOT have shareholders interests at heart in my opinion. I'm extremely glad and was at the time to hear he was gone.
Finally, the right people are in place to take Adanac to the next level. MANAGEMENT REALLY IS EVERYTHING.
We have a CEO that took Hudbay up 20X from where he started with (share price wise).
We have a CFO who did heavy financial lifting in the order of raising and putting together billions at INCO, a multibillion dollar company in its time.
And we have a guy that organized the financings at Jefferies who realized the amazing opportunity at this small cap company AND LEFT A CUSHY JOB AT A FINANCIAL FIRM TO JOIN ADANAC!?
This last one is almost unheard of, and since he put together the bridge, he must be pretty confident the rest of the money is coming to get this mine built.
I don't believe he leave this comfortable job at a bank to join Adanac unless he saw HUGE financial upside in the share price of Adanac; afterall, as VP of Finance of Adanac, you have to know his compensation will be mostly stock based.
Come on guys, get your head out of the sand and into the real world.
MONEY TALKS BS WALKS.
Good luck to all,
x