reasons you should vote NOI just received my voting instructions in the mail and voted NO with my 800,000 shares.
Don't believe the weak excuses by this lazy management. Every other junior i have owned or traded since 2009 has gone up and made me money except this company. They are lying to us when they say Canadian juniors co's are leaving their projects abroad to go back to Canada. AEX has something in Africa and their are lots of other examples.
Last year that liar Denis Tremblay asked me and a lot of other people to vote for them to continue managing RSG with big promises that 2010 would be the year RSG would make a good recovery and we would all make back our money.
Now they want to consolidate and will promise the world again, but after they get their use out of us they will go back to the same lazy tactics. Where is the promotion that they used so much in 2006 & 2007? What happened to the investor radio segments and mining show videos?
These guys only want to consolidate so they can lock in their salary for another 5-10 years. We will get the shaft and a new bunch of investors will be lined up to take it up the wahzoo.
See what how consolidation has worked for SGX. They also have an idiot management that only knows how to waste investor money acquiring properties but doesn't want to develop any of them. What is the point?
IF THEY NEED CASH SO BADLY, they should to talk to GHK.v (Goldhawk Resources). They are sitting on million$ in cash and are looking for good properties to invest in. Or what happened to the millions of shares they own in Golden Share Mining and Stellar Diamonds? Why don't they sell their remaining share in the Bakoudou mine to Managem? It should be easy to sell because when gold was $800/oz they said Bakoudou would make $25 MILLION from their resource once it was producing? AND what ever happened to Mandiana?
CUU was in a tough spot last year during the crisis and found a big investor to buy a lot of shares to provide them working capital. Look at them now! The same for CMM who had some big Russian investor buy a whack of shares to help them out.
143,000,000 shares is high but a lot of companies with 200-300 million shares are trading higher and have nothing compared to RSG. How come KLA, PLE and AFA all have more shares and trade higher than us? The answer is because RSG has an idiot management team.
Vote NO to consolidation and lets get new management also!!