RE: RE: RE: RE: Proxy Circular Very good points Nor_easter...thanks for pointing that out There very well may be discussions taking place regarding some other sort of plan of arrangement and this disclosure sure gives them the wiggle room they need to continue those talks without providing adequate disclosure if they are taking place.
The problem I have again is the way in which they are communicating to us. Again they have covered themselves off from a regulatory perspective by saying there is no outright takeover on the table. They've included a whole bunch of jargon regarding how other types of arrangements come to be and why but no specific comment regarding whether or not they are engaged in discussions regarding a potential plan of arrangement. This to me is extremely deceitful because they will confirm for one scenario and not the other. To me they've done nothing more than ensure they are covered from a regulatory perspective and kept us where we've been since November 2011....In the dark.
I would like a press release to confirm whether or not they are engaged in material discussions regarding any sort of plan of arrangement period. Even if the resource estimates come out on Tuesday we are still owed an explanation as to why they've allowed our share price to suffer the way they have and why the results have been withheld. Otherwise we are only left to assume that we were getting screwed while they comped themselves at these low valuation levels and/or to provide a trading opportunity to someone else in the know.
At this point, I think this play is more about a gamble on the Management team than it is on the company and it's assets. Never in my life have I seen a Management team that cares less about the market price of their shares and/or their shareholders. Anyone else see this too or am I completely out to lunch??
Sorry to sound so pessimistic in all of my posts. I'm just very tired of the smoke and mirrors in place of any real material disclosure. I prefer to be in the know....
BH