Paul, We're all at the end of our ropes here. My friends who have been in this for 8 years now, who have seen the $10 mark come and go, the $3's and $4's for extended periods, knowing even then they could have sold with a 400% profit, have hung in hoping that SOMEONE will finally prove this up. Impatience doesn't begin to describe what some of us, including yourself, must justifiably feel about the final answer on Naxos. But to be honest, your post confuses me.
Based on your personal conversations with him, could you review for the rest of us the qualifications Father Gregory has to run the company? We certainly don't want to have a "out of the pan into the Friar" situation here. If he did manage to get the votes of support, could you outline, based on his reviews with you, his plan of action? Twenty Novenas a day is not likely to help us. And firing everyone is not a plan of action - That's an act of revenge, anger or spite, desperation, take your pick.
What do you think he will actually do to prove up FL? Will he close down the pilot plant so we never know if the bromine leach process works? Will he bring back J/L and if so are they going to repeat the same now being seen at MGAU? Does Father Gregory have a personal deal with J/L if they do come back? Is he just voting and acting on behalf of Jimmy, who is heavily connected to J/L, or does he have his own business plan?
And please don't tell me "well, he'll do better than Bob" because that is not an answer. I want to know in what specifics do you place your confidence. I have never heard nor read any outline of just what he and his followers want to do if they get control.
In my opinion, whoever is in charge has one objective - prove if PM's are there and if they are recoverable at a profit and I want to know what Father Gregory will do BETTER than Mr. Gardner.
Bob is the first to put a pilot plant into operation. He now has the company with the patent on a key recovery chemical doing FREE work to fine tune the portion of the process related to those chemicals without spending precious funds running the plant at less than optimum output. We have bench test and assay numbers that for once actually jive with each other.
Does Father Gregory have a different approach? Going back to assays maybe? If he wants to recover, why not just support the work being done and see if it works? If it doesn't work, it will eliminate a course that Father Gregory can avoid if he is the next "owner". If it DOES work, then we all win, whoever is left as a stockholder anyway although J/L will be aced out and with it, so will go out any special "deals" with J/L.
Should he get control, there is not enough money left in the till for Father Gregory to "explore" new options. And if he can raise plenty of money to keep things going, then again, what is the harm in determining if Bromine leaching works or not? If it doesn't, Father Gregory can raise all the money he wants to pursue a new direction.
Bob has made it clear. This is his last best shot and if it doesn't work, he is open to other directions. The good Father has an open invitation to take the baton for the next leg.
Paul, you just need to explain to us which track you believe Father Gregory is going to run on if he gets the baton passed to him. Then maybe we'll have a reason to cheer him on. For now, he is simply a person who has been dishonest in his disingenuous with management and completely unclear as to exactly what it is he wants to do.
It makes no sense to me, at this late point in the game, for Father Gregory to work so hard, for so long to get control but never explain to the shareholders exactly what it is he thinks he can do better and why the current direction is the wrong one.
Tom F. |
