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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.


TSXV:RML - Post by User

Bullboard Posts
Comment by COREDIGGERon Nov 14, 2011 2:38pm
207 Views
Post# 19236162

RE: RE: RE: Just read the Proxy

RE: RE: RE: Just read the ProxyWhy do you try so hard to try an make this company look bad?

You're trying to link a CFO that resigned in February 2010 to a default that occurred in June 2011.  Count it ... a full 16 months later ... that's quite the stretch on your part.

Quit ... was is voluntary quitting?  Or did the company ask them to move on?    We don't know.   We can only speculate on what happend. In this day and age you don't fire anyone - unless you have clear cause.  Otherwise, you get them to quit or retire and if they are tied into a contract you buy them out to keep them from suing you for wrongful dismissal.  I'd suspect if they were paid -  it was a mutual decision to move on.

As for a bonus for a promotion - why not?  It costs lots of money to hire an executive (recruiting fees etc). and if you have the talent - why not pay them to take a promotion?

Just another example of you trying to twist the facts to put the company in a bad light.  Unless you have facts to back up your stories ... please move on and post elsewhere.
Bullboard Posts