Post by
10acity on Mar 04, 2010 5:43pm
Anyone know anything re: project updates etc.
Hi,
I contacted Linear and asked the below questions. I know the company website to some isn't a big deal but I think it connects to management's commitment to investors (and potential ones). It wasn't so much of a question but more of a statement to management to keep current information on their website!
The second question has to do with the relevance of two of their (former?) projects -- meaning Cobre Grande and the KM61 Project. Why are they still on their website? Do you still own some measure of KM61? If they don't have an legal interest, isn't it misleading to still list them on their website?
Finally the last question is "What is the next step for the Seymour Lake Project?" Specifically I would like to know what management is currently doing with the project and some sort of timeline.
I don't know if I am going to get a written response from Linear so thought I would ask everyone on this message board if they knew anything.
Thanks for any information anyone can give!
See portions of the email sent yesterday--
I have becomemore and more frustrated as a shareholder. I went onto Linear’s websitetoday and went into the Investor section. This whole area has not beenmaintained. A few examples are--
Under the Investor Section
Upcoming Events-- Lists 2008 events
Financial Reports--year old reports
Media-- 2008 newsletters are the last one listed
What’s the status on your website? Who is incharge of keeping it current?
Anything remotely possible happening with CobreGrande? Its been a long time since investors have heardanything. Since the option expired in March 2009, Iguess I even question why you list it in your Properties section of thewebsite. The same question applies to the KM61 project. The lastresults on that are approx. 4 years old. Did you sell the property butstill list it on your website?
Lastly, I suppose the only real property of interest is your SeymourLake project which of course is a source of current news. My onlyquestion on that one is “what is the next step?”.Your last press release in Jan ‘10 lists some of the drilling results butdoes not mention what lies ahead.
As you are very well aware Linear’s share price has been verydisappointing and the actual trading volume indicates low investorinterest.
Any feedback will be appreciated
Comment by
2investorknot on Mar 09, 2010 3:50pm
Not sure if you ever heard anything.Cobre is out though. Can't imagine why it is listed.Zero shares have been traded with 30 min. left of the trading day. It should tell you something.I have not read what the "next step" is for Seymour. The potential size of their lithium project is what got me interested in the company. Lost losts and losing interest...