AGM- 3 Scenarios to clear up Chad/Chuck Given the recent deterioration in share price many long term shareholders must be pulling their hair out by now. I think there's really one of three scenarios that are playing out. Please feel free to chime in if there's something else that I've missed.
1.There is not enough minerals to report that are worthwhile. I do not think this is the case as most people on the boards and I've solicited elsewhere are in agreement that there is somewhere between 10 and 15,000,000 tons of sedex with around 75g/t Ag and 654 g/t Ge.
2. Chuck thinks this is 1990 and that you can just go into the market and ask your neighbours for funds to explore the hinterland and reporting and updating your progress, does not matter as he operates like it's that year and is not particularly concerned about regulatory compliance. In other words, he wants to re-create the excitement of Ekati and make a big splash and take the stock from pennies to tens of dollars and be lauded as Caesar and have flower petals thrown at his feet.
3. He knows what the number is that he wants to sell at and does not care about what the shareholders are paying at any given time and continues to deteriorate the balance sheet and dilute existing shareholders at their expense while enriching his friends and himself under the guise of financing the company at a deep discount. Why buy 10 million shares for $4 million when you can get 8 1/2 million for $1 million.
I welcome all posters to please chime in with your thoughts on these particular scenarios. Enough with the chincannery. It's time to come clean at the AGM. Playing games or being negligent is no longer acceptable. Time to put management feet to the fire.