RE:RE:RE:RE:FYI...spoke with Katie at the company...The first appeal to the courts after the Gold Commisioner ruling was fine and appropriate. We lost. There is no new information that could alter this judgement in another court. We will spend lots of money on lawyers and many more months only to receive the same result.
Again...had we cut a deal with Mr Mills instead of going forward with another appeal several hundred million $ in demonstrable value would instantly be added to our market cap and share price. With a significantly higher share price there would be less dilution with the equity side of the final financing package.
The point being....by dragging this out we lose that additional bolt on value and will have to sell shares at a lower price....are you good with that? I'm not.
A good businessman would realize the futility of another court case and swallow their pride to cut a deal before a final financing package is agreed upon.
Will this Albino Lake value eventually be added? Most likely it will. It's of no use to Mr Mills so he has to be willing to make a deal or he gets nothing but the liability of maintaining the site which I doubt he would or could.
It is also true that absent a deal with Mr Mills its of no value to us either. Given the court ruling Albino Lake only has value to either us or him if a deal is struck so that we can add that value to the project...which is substantial and which also would aid in project financing if done soon.
So my point is....and I'll say no more about it.....The ONLY smart course of action now is to cut a deal, get control of those ounces, add that value instantly to the project, reduce financing dilution, boost the share price and make everyone happier and wealthier overnight.
By not doing this and instead pursuing a legal dead end it shows the company is more concerned with its opinion on fairness NOT what's in the best interest of you or me. By not voicing your objection you are indeed being passive. By just ASSUMING that Walter knows what he's doing you are being passive. By ASSUMING that Walter knows what the "investment" in the rock gathering exploration company will yield you are being passive. Skeena is a mining company not a hedge fund and before we go "investing" in other mining wanna bees we should first get our mine built and profitable.
I don't want some future mining empire I want Eskay Creek up and running as fast as possible as cheaply as possible and as simply as possible thus my activism vs your pasivity