RE:RE:RE:RE:RE:RE:RE:RE:news Now this is a smart conversation I can appreciate... I've watched Fortune 500s get killed by CEOs that couldn't manage their way out of getting the company to pick up the tab for hookers to their own birthday party (Commodore Business Machines comes to mind).
Junior mining companies are often plagued by this as no one is trying to keep any longevity to the business model after the resource runs dry - oh, we found a feasible reserve of ore, let's open a venture listing, mine it dry and leave the stockholders holding the now defunct company that still might be sued at a later date for an environmental clean up, and on to the next...
It happens, and uncomfortably often. The ventures board is littered with these empty shells. It makes it look bad on anyone in the industry trying to make an honest go at things.
emiliolargo wrote:
Styles, you crack me up. CEOs in Vancouver are buying more than cottages. Lamborghinis, bentleys, fancy condo rentals at 15,000 $ a month... that sort of thing. They are raking it majorly. Living the highlife. I know of a few getting "Management" fees in mining for example that go to 30K a MONTH in fees. Just hit that printer and print those shares...yep, the market, that is what it is.