RE:RE:RE:Curious M-Doglou64 wrote: My request will not benefit management
Then at the present time, I wouldn't support your plan, for two reasons:
1. I wouldn't make a blanket offer to support it without knowing exactly what you're proposing.
2. At the moment, I cautiously continue to support management.
I know that you're frustrated with your investment, but that's the risk of investing in penny mining stocks.
Having been in this company almost continually since around 2007 or 2008, I've watched it survive in a financial ecosystem within which it should not have survived. You criticize Frank constantly, but you can't know all of the other hidden factors that affect his decision making, which us retail investors are not privy to.
He survived the fallout from the Great Recession.
He came up with the creative idea of staking the rail claims, and not giving in to Cliffs.
He fought against Cliffs, when Spider caved.
He fought in court, on a number of battles.
He was at the helm for the development of the Natural Gas process, and for attempting to secure global patents.
He came up with a way to move forward with an alternate chromite deposit, after getting locked out of Big Daddy.
He has the support of Richard Nemis (Bold).
He has negotiated a minefield of obstacles and delays, with no obvious support from other industry players or from the provincial government.
In short, there's no way that KWG should have accomplished what they did, and I think he's a big part of it. I think if other people had been in charge during the past decade, in 9 cases out of 10, KWG would be out of business by this point. Also, remember that he has a lot of skin in the game. What benefits shareholders will benefit him in a big way too. Despite your criticisms, I believe his interests are aligned with those of shareholders, and he's not playing for second place.
Sure, he has made some missteps along the way. But nobody can anticipate everything that will happen when running a company like that, where almost everything you do is a reaction to an external stimulus.
At the moment, I think the scorecard is heavily in his favor of positive decision vs missteps.
I think we can sum up the situation quite well here: You're tired of waiting. I'm not.