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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Post by dz20854on Apr 01, 2013 9:24pm
274 Views
Post# 21195467

In 2008, Slam deferred salary...

In 2008, Slam deferred salary...

...so why do they refuse to defer salary and reduce non-mining overhead, in 2013?

The 2013 downturn for juniors is the worst in 30 years, and many are taking these steps to help preserve value for existing shareholders, but not Slam. Mike told me he refuses to do today what he did in 2008, and would sooner quit. When I called some of the directors several months ago, my calls were not returned.

Even owning millions of shares, as did D&D, makes no difference with Slam's officers and directors. D&D told me last month that they had already sold all of their shares.

Can a company just abandon its existing shareholders, and expect potential investors not to notice?

Bullboard Posts