<NGT-AAS>
Marcos, since I was instrumental with a number of people here getting on board this one (at cheap prices) I think it's fair to give you my two cent worth now. Up to now I've felt I needed to be a good trooper and let things play out.
First, I feel I have a good background on the deposit. I really think Salamandra will work in term of mining especially with CM operating it. There is a element of development cost that will need to be raised, and the idea promoted of internal production financing alone is largely a myth IMO. But, they also have a line on some excellent very low cost mining equipment to save on capex. I'm not that concerned with that aspect as CM will paint a work of art here IMO. And, I completely reject and am a bit peeved about the notion mentioned by another here that this is just a cheap pump and dump. The ingredients are here, the cake just needs to properly constructed.
What these outfits really need and I'm now lobbying and speaking with BOTH companies (*) for is a fair merger UNDER ONE ROOF. There's too much shit otherwise, and yes that's the right word here. Time being spent on lawyers talking about JV terms, eyeballing each other, and just kind of building a reservoir of bad vibes and feelings. This doesn't seem to be a great marriage. Meanwhile NGT has spent unsuccessfully on promotion (Jees, how 'bout a couple more of these, Albert?)trying to keep up with AAS, and what does AM have to show for it: a 33 cent stock and an all day suspension from the exchange.
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On the last point, I simply don't believe the CDNX did that just for spite, there was a reason: some kind of warning shot across the bow. So NGT has tried it's hand at building a following and support and the jury is in: a weak showing and a largely empty treasury.
Meanwhile AAS has barely started cranking it up. I've told everybody (and I'm not picking sides, because AM got the deal while everyone else was sleeping) involved to knock off the gamesmanship and brinksmanship. And you know (from GEO and a few others) that I can be an outspoken critic. I'm not there yet with these companies, but I am feeling a little twitchy. So now you know about the internal dynamics and can act accordingly.
Still, the upside to a one roof company is enormous. One corporate overhead and management, synergies, easier ability to raise money (Millar), focus on the "real" task hand, unified compact shareholder group. The benefits are obvious, this could be a hell of an emerging mid tier, with shareholder interests in mind. Just do it.
However, it's now April 20th on my calendar and I'm throwing down my own gauntlet. There are two substantial PDG payments likely by year end, and the big discounted one by mid-03.
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What are they waiting for? I have been given no valid reason why this can't be done if the parties act fairly and in good faith. I think these guys can do it, as they are all smart and savvy: no idiots like GEO's John Paterson here, but maybe a little fire needs to be lit? If they can't do that under a reasonable time line (two months) I'm gone and would suggest the same for anybody else in these stocks. A little more patience is in order, but not much more for me. There I said it.
(*) disclosure: still own about half my big 15 cent PP (did sell the other half on the high volume spike over 40), and warrants and will be part (smaller position relative to NGT)of AAS' 40 cent PP coming shortly. |
