RE: QUESTIONS FOR MGMT Constantine, I would think that several of these questions will be answered by the quarterly report. If not, then many bear asking. One person isn't likely to be able to ask 10 questions. I would think a good question or two that target uncovering the details.
4. No more than a month or two prior to May, 2012, management was projecting commercial production to be within weeks and was supposed to be at 1,500 tpd. We are now told that 1,500 tpd at Shafter cannot be expected until Q4 of 2013. Why does it appear that management has had close to zero idea of what was going on at this mine and why should investors have any confidence in future projections.
When talking to the CEO or management of the company, one can ask a direct question without being disrespectful. Putting them on the defensive isn't likely to yield much information. The plant and mine managers know their mine and mill better than anyone. They too will be frustrated at the low SP, and will try to get shareholders to understand what they have been doing, and what they intend to accomplish. Unless you have held these position(s), you are a poor position to critique their performance. Certainly you can voice your frustration, however by asking questions you should be trying to gain understanding, not be overtly insulting.
Perhaps a number 4 rewrite: In regard to the delays in production levels and timelines vs the projections given last year: are there still mine problems, mill problems, lacking skilled labour, a combination or other? Could you please describe the plans in place, and what is being done to close the gaps.
By answering this one complex question, they will have covered all but your hypothetical pp, or new purchase type questions. Again the question need answers, the quarterly report is likely to anwer many, and the tone needs to be constructive.