St. Jude Resources......V.SJD Message Board

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Gold/Mining/Energy : St. Jude Resources......V.SJD

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To: Fishfinder who wrote (2809)	2/8/2000 10:35:00 AM
From: russwinter	Read Replies (2) of 3065

Mike's a personable, intelligent guy, but the question is, what has he done for our pocketbooks lately? I simply don't believe that we have to wait for more drilling. When's that anyway, the end of 2000? Did he address any more of the five points I made in my previous post? I've e mailed an individual who has worked on one of these influencing management exercises at another junior and will share some of his comments and advice plus some other facts I've gleaned. Here's the info: Shareholder lists are mostly in street names since few people take delivery of certificates. Proxies only go out to shareholders that have asked. SJD put through a poison pill in 1998. Details are unknown but make unfriendly takeovers tough, unless voted out. Terrill only has two board of directors (same guys since 1988) so this is a private club of sorts. Terrill owns only 7% of SJD, the directors very small holdings. There are about 1.4 million employee and directors options at 85-1.00. Monies ($217,350 in 1999) for "management services" are paid to another company, Bluestar, controlled by Terrill. You will have to decided if compensation equal to almost 5% of mkt cap is worth it for shareholders? The annual meeting will not be held until July. I think the logical buyer of SJD is Crew. They are familiar with the H-B deposit (51% owner)so it's less risky for them. If you read their web site it is clear they are buying properties aggressively and don't mess around. As Terrill himself said they promote (and what's wrong with that Mike?, maybe you should take a leaf out of that book) their currency (stock) so it has some value to use in stock swaps. Crew's John Darch can be reached at catherine@crewgroup.com. I have a hunch they would like to hear from SJD shareholders. Finally here is my personal e mail: winterruss@hotmail.com Let me know if you support this approach. If so, I'll continue to work on it.

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