RE: RE: managementThanks for the response.
My issues with EFR are the high salaries and the abysmal PR. The PR has always been poor to non-existent, especially for what this company has in terms of assets and potential. My view on ethics is that given the low share price and slow activity, EFR management could show some integrity by reducing their cash take via salaries. We shareholders continue to carry on with the dead money here, so throw us a bone!
You are completely correct that the U price is something EFR cannot control, obviously. At some point U will become strong in price and the landscape will change, I'm with you on that. I'm not pessimistic long term, though how we will fund the construction of Pinon Ridge from these SP levels scares me.
I definitely have not forgotten about the two permitted mines, but we can't move forward on those without the mill or a great deal from Denison and a higher U price or a long term off-take agreement with a Chinese firm or somebody.
Basically, I do feel that had EFR paid attention to PR (as Beaty emphasizes in the interview), we might not have fallen this low. I guess we'll never know. But when the market does improve, will these guys get a good PR going? That's what I remain doubtful about.
The EFR guys deserve poor marks in some areas, though I certainly have respect for the skill in the permitting game. I also have a little money in URE and they seem to be moving along nicely, though not showing up in their share price yet either.