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Niobay Metals Inc V.NBY

Alternate Symbol(s):  NBYCF

Niobay Metals Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It holds a 100% interest in the James Bay Niobium Project located 45 kilometers (KM) south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. The Company also holds a 72.5% interest in the Crevier Niobium and Tantalum projects located in Quebec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company also has the option to acquire an 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Quebec. The QTZ exploration project is northwest of its Crevier property and includes 257 mining claims. It holds interest in an Crevier niobium and tantalum project, located in Quebec, Canada. The Company’s wholly owned subsidiary is Crevier Minerals Inc.


TSXV:NBY - Post by User

Bullboard Posts
Comment by vinoconundrumon Jan 03, 2009 12:16pm
223 Views
Post# 15679827

RE: RE: RE: Eight year returns...

RE: RE: RE: Eight year returns...I think we should give present management until the AGM to show us they can move this stock up to the $2.50-$3.00 range it belongs in. If by then they prove they are not capable its up to the shareholders to find a team to run this company that knows how. We are all in the markets to make a few bucks. The proof of good management is in the performance of its stock. Management of a company is no different than the management of a sports franchise. If they keep losing you may have to change management. I beleive there are enough of us reasonable sized share holders to put some pressure on when you consider the insiders only own 4% of this stock. I think they would be surprised to find out how few of us it would take to overwhelm their piddly 4%. I am sure most other share holders feel the same way I do about this stocks performance and as long as there were some qualified nominations put on the floor supported  and backed by share ownership and commitment, some positive changes could be made. I would hope we don't have to upset pressent management structure but I think it is important that the present management is put on notice by the shareholders that we can. The ball is in their court and proof of their commitment and compitence can be made obvious by the performance of this stock in the next 3 months. We likely have until the end of January and if nothing is happening by then it will be time to start getting organized for the AGM. I don't think we can fault the present team when it comes to putting exploration properties together and building assets but we can sure fault them when it comes to company management. The poor management cannot be made more evident than share performance over the past year.  No Debt, No Royalty, Money in the Bank (I Hope), Great Exploration Plays, Millions of Warrents off the books and our share price is down 50%+!  They can use all the excuses in the book but a pass or fail on management remains it share price. Friday was a start, lets see if they can maintian it?
Bullboard Posts