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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Post by Nickel77on Jun 27, 2011 12:28pm
166 Views
Post# 18769110

Lucky112

Lucky112With all due respect, maybe Maroons and others were, or still are shareholders in ISM. As all have witnessed their investments in ISM disintegrate under the management team of Mr. Miller over the years, they have every right to voice their opinions and concerns about this group.
It is quite obvious the markets reaction in its valuing of ISM is agreeing with the opinions of those posting on these sites. 
It is also well documented that it has almost been an impossibility to get concerns and questions addressed by this company and its high priced IR team. After six years of exploration and drilling, the management of this company has been unable to prove up one single pound of economically extractable Ni.  Look at the millions of dollars they have spent to date, yet the share price is lower than it was six years ago.
Investors are more than just frustrated at the job the ISM management team is doing, especially for the perks and stipends they receive. The recent fiasco in ISM's attempt and failure at UMJ is one more slap to the faces of shareholders.  Once again it shows management is incapable of accomplishing anything positive towards shareholder value. 
In your opinion Lucky, just how long do shareholders have to wait for a complete Ni 43-101  on the Langmuir Properties. Enough drilling was done years ago.  How can it be that most other companies can explore, drill, permit, build mines, build mills etc in a third of the time, yet ISM can't even get its act together to apply for a simple de-watering permit.  
In my opinion, the best thing for ISM and its shareholders at this point would be to get rid of Randy with his high priced Golden Parachute Package and get someone in there that can deliver the goods. 
Best 
Nickel
Bullboard Posts