RE:RE:Pacific PreciousI really like this transaction. It is very opportune in timing and value add. What I don't understand is the following statement:
"The Kuta Ridge gold project in Papua New Guinea remains of interest, although company believes that now is not the right time to take on an exploration project in that country."
This is pacific precious' "property of merit" and Stephen has basically just said it is un-interesting at this point in time.
THEN WHY DID YOU INVEST IN PACIFIC PRECIOUS IN THE FIRST PLACE??????? Until this morning all it had was this one property. If it was not a good strategic play with only that property the investment makes no sense.
Stephen, it would have cost you absolutely nothing to not make this comment. You chose to invest in Pacific Precious with Orefinders' money. As a shareholder of Orefinders, that is partially my money. Don't invest my money in a project that I would have never invested a penny in then turn around and talk smack about something which was obvious when you originally invested. The jurisdictional risks were there since before you chose to invest in Pacific Precious.
As the CEO of Orefinders, you have a responsibility to me as a shareholder to act in my best interest. If you are now admitting investing in Kuta ridge was not in my best interest as an Orefinders shareholder, I really have nothing good to say about that.