RE: RE: lawsuit "The way I see it cumo has moved forward very quickly until the recent problems with the spending habits."
I would beg to disagree. Remove the latest addition to the Cumo and there hasn't been much done on Cumo for about four years.
Compare that to what Dykes and IEMR have done on the Pine Tree in the last two years.
While working with IEMR must have been an eyeopening, refreshing experience for Dykes when compared to MSQ (IEMR is in the mine-making business), Dykes himself doesn't seem to have had much experience in bringing mines to fruition.
The fact that he seemed to very quickly adapt to IEMR's agenda seems, to me, to speak volumes as to his ability and expertise (it's doubtful if either Dykes or Fu suffer fools gladly, which speaks to the rejected $2-milllion billing from Kirkness). Pine Tree has likely suffered a bit because of the MSQ AGM distraction, but look to it being brought to a very, very promising state quite quickly.
IMO, a match made in heaven would be a merger of IRI and MSQ (without MSQ's present board, of course), as that way Pine Tree would feed market interest as Cumo struggles with its present problems. Fu (and Dykes) would seem to be able to handle both projects, and both European and Asian money would likely be available.
Of couse, that's only a dream until the present incumbents are turfed (and, with 150,000-a-year in salaries and expenses going to each of the two McClays and $60,000 going to Jefferies, does anyone think they'd voluntarily give that up?).