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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT
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To: Ed Pakstas who started this subject1/11/2002 8:46:13 AM
From: geoffb_si   of 930
 
JP:

I certainly agree with you WRT Hermann's salary.

There's a reason why the majors pay their execs big compensation: THEY HAVE CASH FLOW! TWG has none. The only way a company like TWG can raise money is by going to the market, which dilutes. This president doesn't set a good precedent.

I agree with valuepro, though, that the exploration expenditures were prudent and well-thought out. Torngat appeared promising, with the potential of blows, according to the geophysical work.

And, you can't knock Hermann for his connections, as it appears he's the one who landed this claim.

Geoff
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