RE:RE:RE:Stockwatch article Aug 29Blademaster,
I believe they have the goods.
I also believe that Eric Sprott actually controls the company from a distance, and Colin is just the one who does what Eric wants.
They are going to need more cash. The biggest financial backer has been Eric Sprott. Hopefully that will continue.
But if you were him and really wanted to see what this deposit holds. And you had no intention of selling in the near future.
But you expected you were going to be investing another $50 million within the next year. If you were going to invest $50 million more, it would not be in your best interest to have a high share price.
If you were going to invest another $50 million. At a $4 shareprice, you would get 12.5 million shares. If the shareprice was $10, you would only get 5 million shares.
It is in ES best interest to have a low shareprice. And he does control this. If he wanted Colin gone, it would happen in a day.
This is a long term hold.