Post by
kenbull1 on Feb 09, 2011 11:03pm
Or...Ore....Oar?
The back and forth here is getting a little over the top, you guys are asking way too much of the people at the helm here. I think a lot of the expectations are based on one big run that happened one time a long time ago and you are looking for the right combination to occur for another run. The heady days of 2007 are long behind REV and they also coincide with the beginning of the slow withdrawl of Ed Mueller at the helm which I think is more important than a lot of you may think. That brief period in 2007 was this company's "Camelot", everything was going right and the share price soared. Regent Ventures 2011 is a far cry from that time in the sun and to expect things to come together again just besause they did ONCE before is asking a lot.
This company's primary business has always been Red Mountain and I think it is time to question where these new turns are taking us. Losing focus on the core business (excuse the pun) is the reason REV is in the mess it is now. If you want to ask some questions of management ask what business REV is in today. The foundation of this company is "news release" mining and the further we deviate from this the more convoluted things get and the convolution is starting to errode the foundation in my opinion. Those of us that have been around here for a long time have always done well here, never made a fortune mind you and we have had some doldrums, but the core business-mining-has always served me well and the returns have been decent and reliable.
I think it might be a good idea to suggest that these ancillary investments should be sold off. The play in Poland should be number one on our list. It has been stated here by others that if that play ever "panned out" there would be significant "leakage" before the monies reached the shareholder, I respectfully suggest that is a valid position. Remember the Golden Rule, those that have the gold make the rules and we are certainly not in a leadership position in Poland. If the upside is so great then there should be no problem finding someone who would take on our position at a fair price. These things have a tendancy to either not turn out as they should or not as well as they should. Let's sell off this investment while it is at it's "peak" and get back to what we're all about. Imagine what could be possible with a fresh injection of serious capital at Red Mountain.
A change in direction will almost certainly bring a change at the top. For all the grumblings about Rick Wilson I don't think he is incompetent or dumb or underhanded as has been suggested by some. I think he is too much for this company, I think he has the skills to operate a Ferrari, what a leaner REV will need is a guy who knows how to fire up a John Deere.
Just my two-bits.
Kenbull.
Comment by
curtisprod on Feb 11, 2011 8:09am
" capital to buy some Chinese mining type company that produces income already and has a big upside."Tell us more dogone....Sounds like insider information to me....let us in please.....