Juneau wrote: ( horse's mouth )I agree, Stewart is not doing his job, did not do a good job in Toronto and on Bay street. And by the way, Bob Wares was not aware of this, but he is now! ;-) Personally, its been layed out to him black and white. That said, Jason while he cant say this to the management team, we had some one close to Bob point it out. Stewart's days are numbered and Bob is going to step off his position as Chairman, which make total sense, becasue if they ( OSK ) does make an offer, then Bob does not want to be the deciding vote in the event of a tie, now, that does not look good. So Herve, will be the new Chairman, Stewart may stay on as a board member, keeping in mind his company has around 1M shares ( lol )
The last drill program, was done by the BFD managment team, Stewart and Mathieu, the board approved it. It was a waste of time and money. I think they now know it.
The spring program is going to be deep and select holes, if they look good they will spend more money. So as it is, they will spend $2M of the remainng $7M ( factual ) if the holes look good, they will spend more. Thus what was to be 20,000 meters is now 7500 meters. They will preseve cash!
OSK will, NEVER RUN OUT OF CASH!
If know one wants 3 of the 6 properties, then its best to rid your self of them, instead of paying out more $$ to keep them current.
OSK own 40,000,000 shares 20% of the company, one other board member owns 10,000,000 so if
for what ever reason BFD Windfall property does NOT work out, I am guessing OSK, will make it work. And for Herve to come on board is huge, HUGE!
OSK will never, ever let Herve down or embarase him, check your facts and find out who this guy is,
he is TOP, TOP DRAWER! Lucky to have him on the board, better to have him as Chairman.
So right now, back ground, inside politics is being played out, to much at stake for everyone, money and reputations. Maybe OSK will flip us a bone and vend in one of their projects, now would that not be nice.
You would think that I have talked to Bob? Look, they need Stewart to be gone by PDAC thats March in Toronto, they do not want another disaster on their hands and since Jason knows the OSK guys well its hard for him to say anything to anyone about how poor a job was done, but trust me, its been said, and, reputations have been salvaged! Like Trump, "were handeling it"....
Institutions have not sold, OSK, has not sold, Zhaung has not sold, Jens is still iin, our group jas gotten bigger and so.....0f 200,000 shares out, 80% is in amazing hands, the retail guys are our nervous nellies. I say relax, OSK do know what they are doing, they laid out $3,000,000 dollars, bought the market at .30 ( average at .15 ) these guys are all very very wealthy, we will do well,
we just need bitcoin to fall off the wagon and a retracement of dope stocks.
J103 ( happy for you to in box me with further questions ) Capiche'