Our new Chairman's address to the Shareholders at
I realize that trying to put faith in simple words can be a tough sell but I believe that our new Chairman - Brian Menell - is the best point man that we could get at this juncture. I have posted select commentary and positive thoughts by him here:
" Brian Menell Thanked the shareholders group for their engagement of the company in this meeting and their contribution. Setting goals for management is a normal core function for the members of the board . The board does take their responsibilities very seriously and they are very aware of the goals set by the company.
Votes for directors are simply pass fail when posted on SEDAR and therefore what purpose does it serves other than to potentially embarrass individuals
Brian Menell said he accepted the nomination for Shore Gold Chairman for 3 reasons\
1.Great enthusiasm and faith in the projects and of the resources of the company
2 Great enthusiasm and faith for the integrity and competence in the job the company has done in getting us to where we are with the feasibility study
3. He has great faith in the future of the diamond industry and the future of diamonds as a commodity. And he believes very firmly that diamonds are rare and getting rarer and that world class resources such as that that we have in Shore are very valuable resources and very scarce resources and will become more and more valuable Obviously a resource is only as valuable to it’s shareholders as it is in terms of it’s development and therefore there is no point in having a massive resource if you don’t explore it correctly and to do the feasibility correctly . We have explored it very extensively ( at least the i assets ) completed a very robust and well executed feasibility study and we now have the very considerable challenge of finding the right way forward with respect to the funding and development of those initial targets. And that is a challenge that every body in the company and the board of directors is very aware of the different options and will do everything in our powers To continue to pursue the right options in order to take these projects forward and create and release the value inherent in these world class resources to the benefit of the shareholders .
and other stakeholder s associated with the company. It is difficult time in the world. I have just come yesterday from the UK which is unfortunately a part of Europe which is a very bleak picture at the moment and there is a lot of downside in Europe obviously and the world over the next year . And doubtless volatility and uncertainty in the global commodity market and equity markets . And therefore the challenges we have to face as a company are not the only challenges given those global circumstances but none the less given the quality of our resource and the quality of diamonds in terms of quality outlook I believe that the right ways forward will be found and we will proceed in unlocking the value that we already have . I certainly believe in and I know that the rest of the company’s management all believe in and I assume that everyone here still believe it or they wouldn’t still be shareholders of the company "