"I Think We've Got An Elephant By The Trunk" -James Anderson"We just have to drill more holes here, there's 10 million ounces of gold just across the valley." -Ed Cope, NuLegacy Director, and former VP, Exploration, Barrick Gold.
As in the video, James told me Ed Cope is an active Director, who often joins him at conferences. He is a expert cheerleader.
Speaking of small nuggets, you may know, but the video mentions Roger Steininger as a
founding Director. In addition to the other 3 Directors with Barrick ties, Steininger is credited with discovery of South Pipeline nearby, which was acquired by Barrick. Although he is not preparing the 43-101, he will most likely sign off on it.
Four of six Directors: Steininger, Cope, Hill and Davidson have ties to Barrick. Along with Albert Matter, Jim Anderson and other "Principals" they collectively control 49 million shares or 16.6%, a little more than Oceana, with 16.2%.
From the annual meeting materials, NUG website:
Matter owns 3,750,001
Anderson owns 3,737,500
Steininger owns 2,166,666
Davidson owns 1,294,000
Total: 10,948167
Obviously there are more "Principals" in the 49 million shares. It is possible that much of the difference lies in incentive stock options and warrants controlled, but not yet exercized. I don't know.
CFO Danny Lee, would probably in the total, and maybe other employees. CFO Lee only joined in the past several years. I doubt he owns more than Albert Matter or James Anderson. Immediate Family may also be included, but my guess is the difference is in unexercized options & warrants. So Principals collectively represent the most shares. If they buy on the open market, they'd have a ton of explaining should they want to sell. Any thing they buy, they may as well buy through options or warrants. While not lower than current market prices, they have a look back feature allowing exercize if they are immediately profitable.
Barely two months in, we're seeing increased promotional activity in 2018. It includes:
- 3 Press releases, including drill recap, drill plans, and forthcoming 43-101.
- 4 Chairman's Chat's, with one about the new website.
- A new website
- A Caesar's writeup
- An email invite to last week's conference
- A video interview at last week's conference
- A CEO interview aimed at this Stockhouse Board.
Good work. It helps.