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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: grayhairs who wrote (11987)9/24/2000 6:50:07 PM
From: STLMD  Read Replies (1) of 15703
 
Great post Grayhairs....Thoughtful and concise...

The availability of "just in time everything" resulting from the internet/information explosion over the past ten years has come with a double edged sword well summarized by your post.

I believe the challenge to companies today is to separate
the material(that necessary to satiate the voracious appetite of the shareholder, linked in to everyone electronically) from the proprietary(that information always held to be exclusive and necessary to maintaining a competitive edge in a difficult and challenging business environment.

As companies mature and the pressure upon them to finance such ventures as ELH is reduced, there appears to be a shift from handing out the material to shareholders to being more proprietary. Probably to a fault, Berkley's position has been to not share significant material news to shareholders. That said, the water fiasco, remains an excellent example of the necessity to share material information before a smaller analyst or broker community
obtains the information, flooding(gg) the market with misinformation.

Busby's tactics perhaps represents the need of a man and organization to stimulate as much interest in ELH as possible to gain market investment, probably prosper from the numerous Private placements, and derive much needed capital for further ELH expenditure.

I prefer the conservative balance between material and proprietary information, ala Berkley, ELK and PYR. Busby's techniques serve only to increase volatility, endanger shareholder value, and promote private interests.

That said, I must agree with dad that this information if given to anyone outside the JV MUST be shared with all. Perhaps this is where the sticky tackle box comes in handy.

Looking forward to more "material" news and not to anymore "proprietary" releases as we reach TD later this month or early next.

BTW... to all the armchair experts and analysts at SH(of whom I consider myself to be a full fledged and ignorant member),it's TEMBLOR not TREMBLOR(one being the layer just beneath the McDonald shale and the other being a misspelling of an earthquake type of movement!!)

If we're going to discuss this play for two or more years we have to demonstrate some knowledge. Hope no one takes that the wrong way. I just didn't want to be too subliminable!!!(ggg)

Stephen
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