RE:RE:RE:RE:RE:10 sq/km Gold-in-Soil Anomaly 5 km Southeast of Its Tiger GoWillie -Please answer 2 questions.
1. Are you happy with the performance of management and the board....BOTH OF THEM
2. Would you accept a takeout offer of $2.50 a share?
I have been a continous shareholder since 2009 and bought my first shares at .81...and bought all the way up to $2.50....sold my first block at 5 then again at 8 . ....have made a few buys and sells since then, and earned a decent chunk of dough from Atac over the years. I HAVE ALWAYS HELD SHARES IN ATAC since 2009.
I understand the model.....what I dont understand is why they are advancing both projects at a snails pace. It seems that they are trying as hard as possible to keep this in house. As I shareholder I understand greed. What is of great concern to me is that the board and management have their hands in their pockets....insider buys are virtually non existent except when mandated by an option expiry FOR YEARS! This wierd management/operations structure I am sure would be difficult to find almost anywhere else.
The Board's focus on two separate deposits/trends that are 130 kms or so apart makes no sense when you dont have the dough. I get being conservative, but neither discovery is being advanced significantly. I would suspect that 10 BUCKS was the result of an offer to buy/takeover from someone with deep pockets that didnt turn out. In hidsight, anyone who didnt take the cash off the table was an idiot....perhaps the board and management included.
You would think that if you had the best understanding in the world of a project that could be the next HUGE mining discovery on the continent, you would be all in. Not one of the folks running the show both in management and the board( and yes I understand about independant board members) are buying at the cheapest prices since 2009. Does that make any sense to you? Please offer any type of reason for that. There would have had to be a blackout in effect for YEARS for this to make any sense.
Stock performance is not the only measurement of a management team...to be sure. 10 bucks was a silly price...... But imagine that you were running a business that had lost 95% of its value.......do you think you would still be around?
Others (KAM) are raising money....so its available. I heard from Vanessa that it would cost 2 million for a winter road to service Tiger. Imagine the exploration that could go on there if we didnt have to fly everything in. Think - we could move forward on Tiger for 2 Million.....yet we dont. Make any sense to you?
Dont be carried away by paranoia that some boogy man is trying to steal your shares....take a cold hard look.....this is not going well enough for those in charge to buck up and put their own dough on the line.....THATS SPOOKY!
cheers
MC