Lets Get Voting I started investing in the market in 1971, and this Mt. Kellett business infuriates me. It reminds me of a case many years ago involving an oil company called United Canso that allowed dissidents to take it over and then promptly drive it under. The dissidents did it "for the good of shareholders" and used many of the same tactics as we are seeing now.
If you have any doubt about supporting Baja's board, ask yourself the following questions:
1. Who has done all the work to get this mine started, arranged the financing and persevered through the recession when former financial backers pulled out.?
2. What have Mt. Kellett ever done for us? What do you actually think they WILL do for us?
3. Do you honestly think the engineers and managers will show the same dedication and loyalty to Mt. Kellett should they take control? Or will their resentment cause them to passively delay or more actively make bad decisions.
4. How many people knowledgeable about this project will leave to work on another project?
5. How effective can a company be with a splintered board of directors?
6. How much do you think Mt. Kellett's actions have already cost us? Think of the proxy costs, the extra time Baja has put into fighting this opposed to being fully occupied by the Boleo Project?
Its my belief that a victory for Mt. Kellett will drive the price of this stock right into the ground. I urge you all the vote the gold proxy as soon as convenient and don't let it sit around unexercised.