RE: RP priorites - MUDbone Dear Ron,
It seems that an Anonymous Stockhouse Poster (“ASP”) concludes that you ought to consider legal action against certain unnamed posters.
Whilst personal abuse, which is the sign of a bankrupt mind, should be treated with the contempt that it deserves, I am sure that you and others at Metanor may be spurred on by learning of the suggestions and concerns of stockholders. With particular regard to the ASP’s comments:-
- He seems to suggest that it is suspicious for a stockholder to have selected Metanor only as representative gold stock investment.
- Perhaps ASP ought to introduce some positive input to the bullboard. At the last count, there were 6 people ignoring him, therefore you may wish to draw your own conclusions…….
On the subject of legal actions, unless I am mistaken, Metanor is still embroiled in litigation relating to the 2009 accident. Metanor displayed generosity to its November 2010 retiring mine manager by awarding him an extension of his share options to 2 years beyond his retirement and also granted an additional 100,000 reserved shares to be exercised at $0.50 within 2 years. It must be cause for great regret that this grant of options will have no value within eight weeks ……….. unless there is some fantastic news release in the offing?
When positive cash flow materialises, a swift settlement of the outstanding claims by victim’s families, rather than by further payments to lawyers, ought to be a priority.
Publish on 11-09-2010
NOMINATION OF A NEW DIRECTOR OF OPERATIONS - BACHELOR MINE
Metanor's management wishes to thank Mr J.-Claude Imbeault for his contribution to the development and the growth of the Company and wishes him well in his retirement. Mr Imbeault will remain available on certain files and to share his experience with Mr. Hamelin. The board of directors adopted a resolution prolonging the expiry date of his stock options for another two years following his departure. Further, stock options of 100,000 reserved shares each were granted in favour of Misters Imbeault and Hamelin, at an exercise price of $0.50, the expiry date of Mr Imbeault's options is two years and ten years for Mr Hamelin options. These options will vest at a rate of 25% per quarter.