Camrova Resources Inc V.CAV.H

RE: RE: Sorry Charlie

[investornot]

A far more coherent and supported argument Charlie. Hopefully you can see the inference I took from your brief statement in your earlier post. You do have a point, however, the company is only obliged to disseminate material events. Because MK wanted to acquire more than 19.9% and wanted to participate on a portion of the mine financing ($50MM that was done by Endeavour) does not mean that management failed to disclose, or had any obligation to do so.

 

Their waiting for MK to step in it first in the Proxy battle was likely worthwhile as it was better to defend themselves than to guess what MK might come up with their creative minds at work. I would agree that earlier disclosure of the intent by MK to acquire more then 19.9% was possibly warranted but was being negotiated on a "without prejudice" basis. Baja's appeal to the BCSC should have gone in sooner once MK breached their own privacy protection (without prejudice again). Doing it at the time they seemed more like sour grapes and quite possibly forced the BCSC from taking a more hard line approach to the issue at hand.. then again we are talking about the BCSC?

 

Lastly, in terms of price points going forward. I lost my crystal ball years ago, unfortunately prior to the tech bubble bursting! I would expect though that we will gravitate to or over the $2 mark by the end of the year. Which decision on April 3rd will have the greater short term response on the s/p is quite likely BLUE as there will otherwise be lingering uncertainties with MK mounting a new challenge. That would IMO be shorter lived though than GOLD winning the day if the company is left alone to focus on completing a mine and not being dragged through the mud. We could then look forward to a different kind of NR's from the company. Good luck.