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Gold/Mining/Energy : TWIN GOLD -TWG on tse

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To: Andras who wrote (493)10/6/1999 8:21:00 PM
From: burner  Read Replies (1) of 577
 
Just be careful, I know of folks who have had dealings with him and IMO he is extremely self-serving. I didn't like the sounds of the broken agreements, litigations, false promises, exaggerated resource estimates etc. The only person that ever told me that the company had "strong management" was HD himself. He gives himself much credit and I tend to be suspicious of those types. I also wonder about his "put-call" strategy of a few months back. With gold as high as it is right now I would suspect that he has been "called" and I think that would set the treasury back substantially. I have invested in another company that was JV'd with TWG and as far as I am concerned they have been treated very shabbily. I would think it would not be unwise to keep a vigilant attitude to this stock and protect any profits--especially with tax-loss creeping up.
As far as salary goes--it was simply out of line and authorized by himself--if you recall there were other excesses too. That salary was taken down at a time when shareholders were being hammered and probably interfered with any ability to take advantage of the then Indonesian hysteria. I do not mean to come here and bash I just simply do not trust the man in charge.
Dan
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