RE: RE: RE: RE: RE: RE: Green proxy Gold-e-hawn:
1 ) who/how did they raise capital?
SLI management raised it as a result of promotional activity and the financial support of the CEO.
2) did you see the price of some of the projects they acquired, heck you could have bought them yourself?
Are you suggesting that for the price they paid we should not have expected anything better? You pay for what you get? I am sure you are not suggesting that as it would have been a red flag that would have prevented so many of investing their entire life savings on a single stock.
3) conduct exploration....doesn't seem like much exploration has been happening? The money has been better spent on Travel and Promo and Shareholder Communications???
Actually, fiscal year ending May 2012 SLI spent 5.2 million on exploration. That is not a small exploration campaign.
I have a serious question for you and the green supporters. You reference the money raise by St. Elias mines and question who raised it but have you asked the Dissident Nominees what success they have had in raising multiple millions for any projects of their own in the past? What connections do they have in the mining and exploration business that might allow they to generate the leads need to gains financing? Given that they are depending on Internet bull board posters to ask for money in the amount of $300-$500 per supporter to raise funds to cover the proxy battle I suspect that they have very limited contacts to raise the millions necessary to run a publicly traded exploration company. This is just my opinion based on the activities that are publicly visible. If they are capable for major fund raising they have yet to demonstrate it. An inability to raise significant amountf of money is another sound reason to support existing managment and not the dissidents in my opinion.