GREY:BHNGF - Post by User
Post by
VooDooDallon Dec 07, 2010 10:10pm
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Post# 17816062
Little Refresher wow 8 cents higher
Little Refresher wow 8 cents higher# 1. Post on GEM Board!!!
I don't know who the bigger clown is? Is it Al Shefsky for not ever being able (or wanting) to take a piece of land past the intitial claiming, or me, for buying a couple hundred thousand shares in Pele Mountain Resources and believing that Al Shefsky really was undervalued.
Man, my investment in companies like Bre-X and Nortel are looking pretty good right about now.
Straight from Al Shefsky, Pele's strategy is to take mineral projects to a certain stage where the POTENTIAL has been demonstrated, and then to enter into strategic alliances with other companies that can advance the project further.
So hence, Goldcorp's one time interest in Festival, Coventry's interest in Ardeen and some other crap company called Wallbridge loitering on Pele land in Sudbury...BUT NOBODY is lining up at the office door asking about Highland or Elliot Lake!!!
And without a strategic alliance for those projects we sit and the stock price stumbles along at 22 cents forever. There isn't anyone of any significance that needs what Highland or Elliot Lake have to offer - so those prjoects will not ever advance!!!
It turns out ole' Al is pretty smart after all. How does his salary climb from $150,000 to $233,00 and up to $257,000 by the end of year 5 on his new contract even though the stock is drowning - My Wild Guess - all he did was a hire a private investigator to follow the 3 members of the compensation committee around - Richard Cooper, Peter Dimmell and Steven Cohen and probably caught them with ladies of the night - cuz there's no reasonable connection between the financial position of the company or the performance of the company and Al's salary.
When Al is making $233,000 do you care about the stock climbing past 22 cents?
Somebody fax this to Al cuz' I think he likes reading about how he screws over the shareholders!
If you plan on typing a rebuttal...keep in mind the stock is 22 cents...like really, who's right here?