TSX:SGR.UN - Post by User
Post by
redawnlivon Mar 18, 2015 1:11pm
237 Views
Post# 23534391
clean juniors up
clean juniors upRyan Kalt is never going down quietly. A lawyer turned mining investor turned outraged shareholder turned mining CEO, he’s managed to do what many junior mining investors have long dreamed of; take the reins, clean things up, and lead a smallcap to a nice buyout.
"Firstly, I empathize with retail investors. I have been involved in a few different industries, and some of the things that I’ve seen within junior mining rather baffle me, and no doubt baffle others. I don’t believe microcap exploration companies should be using their stockholders money to lease AAA office space, or buy themselves buildings, roll-around in company cars and trucks so they don’t have to spend their own money buying one, spend more money in a quarter on Investor Relations than exploration, have company hockey gear bags, put spouses on payroll, have an executive personally rent office space and then invoice it back to their own company at a higher price, or take atypically long and frequent paid holidays not enjoyed by people working in any other sector."
hopefully regulators will start cleaning this junior mining industry up!!!