Post by
mattbigham on Feb 11, 2009 8:16pm
Actually,Buzz,I see it differently
Surprise.
Fortuna usurped their partner,Continuum-they lost control of their project in San Jose,Mexico.
Hochschild has had battles with Exmin and now Minera Andes.
Another financing metals institution example attempting to relieve their *partner* of their assets.
From what I understand,Ralph had offers to JV.
From what I know I have lost just as much in other juniors as I have in Soho.
From what I read between the lines,the new partner can easily develop Taheuheuto and there may be other added value that is not yet clear or defined.
Ralph is the owner of Taheuheuto.
So,you wish to change management?
That is a good one when the management is ownership-I take it you are talking about Ralph?
Now there is a partner for Soho (Ralph).
Ralph has gone outside the TRADITIONAL investment community.Too bad that Continuum could not or that nobody but McEwen stepped in for Minera Andes,eh?
Otherwise,the banks would have taken their deposits.
Miners are not saints,Buzz.Read the history of Barrick and the Bush family syndicate-Carlyle Inc..
Mining investment entities are not philanthropers ,and you have shown me no (read : ZERO) facts to support your allegations.
So,how about it,Buzz?
It is easy to vent as we have all lost a lot of money but this forum allows you to be specific -and accurate.
Facts,please,Buzz-as in specific institutions and what was done wrong,etc....?
"SOH had to go to somewhere else to find funding because the institutions in Canada have been burned and
won't put more $$ into Ralph's deal. If you do things right, and the project is worth it, you can finance.
Bottom line - SOH didn't do things right." Buzz