Interesting conversation. I recently had the good fortune to speak one on one with a respected business man & mogul investor. At his request, I will not mention his name as his comments on Shore Gold were quite candid. He owns SGF shares. How many he did not specifically say and I don't think he has owned them for very long. Maybe a year or two. So as he said, he's down significantly but likely not hurting on the same level as some longshoremen.
I was expressing my opinion of our leadership and he surprised me somewhat with his comments. First off, he doesn't want to see sweeping changes at the top. He does want to see more open disclosure and communication in the form of official updates. He also wants better shareholder respect. He would like to see the story in the media and he would like access to our leader when reasonable.
He feels sweeping changes in the PR department could go a long way. Not that Joe has to go necessarly but that Ken needs to completely change how he uses him (back to the idea of regular updates and a general openness to the market and it's investors vs. the dark cloud of secrecy we've had for so many years).
If he was in charge, he said he would keep Ken but only if he was willing to change his communication style. One of the specific things he feels our leader(s) absolutely need to do is too clearly communicate to the market that this project is FOR SALE. "People NEED to know where we are currently and what the plan is. And when they are given this information it needs to be absolutely clear. There is no room for confusion anymore. The days for speculation are gone."
The notion that Shore could get funding let alone mine such a massive deposit is a major problem for most of the investors he talks with. He would like to see that option heavily downplayed OR even removed. He feels the sp would improve on this point alone.
If Ken cannot or will not change then he agreed with me in that he should be removed and replaced with an appropriate candidate. When asked about a timeliness for this scenario, he surprisingly would have more patience than most of us. He said 3-5 years.
The conversation definitely gave me some renewed optimism and challenged me to think about how much better this company could be. Not with sweeping manpower changes but perhaps with common sense strategic communication changes.
Anyways, a new year always seems to offer a platform for personal change. Let's hope our leader has taken time to reflect and self analyze his performance. Let's further hope he is "big" enough to possibly change his manner of running SGF.
Happy New Year everyone!!
GLTA
Pickinbottles