GREY:VITFF - Post by User
Comment by
Whateverrron Sep 26, 2022 6:21pm
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Post# 34987937
RE:RE:September 2022 - Corporate Presentation Update
RE:RE:September 2022 - Corporate Presentation UpdateJohn needs to dilute VG below 50% ownership of Lahontan first...that way VG and any prospective new buyer would have no control of Lahontan. John can then bump the dingy party girl from Tahoe out of the CEO placemat she is simply just keeping warm for him from day 1. He would do that in 6 to 12 months post VG exit is a guess. This is quite crucial from his personal perspective and a goal he will try best to complete....have to be below 50% owner. Then it is another cash cow salary, options and other for J M at little ole Santa Fe. MVargas wrote: It seems to me that the Corp presentation is becoming more aimed at prospective takeover candidates. A lot of technical details on operations, now including a complete listing of equipment, that you don't see from other company presentations.
There are separate slides of Banyan and Lahonton showing ownership percentages of 13.2% and 51% respectively, but true to form, Banyan's has not been updated to show 4 million ounces of inferred reserves instead of the ~ 1.0 million ounces shown.
I don't know how reliable the share ownership numbers are, especially for Coeur. It shows Van Eck holding 3,540k shares. On Sept. 16 their share ownership dropped from 4,634k shares to 1,824k shares.