I've received some PMs today about the remarks I made about "raids", specifically alluding to CLG.
Message 20331275
I will answer here instead of at Epic, to stay on subject. A little disclosure first: even discussing this here may be construed as a violation of securities law, that's how tied up this kind of thing is. So I'm not organizing anything, just discussing (and maybe mostly just blowing smoke) on how a raid might work.
I think the first step, is an e mail campaign or personal phone calls asking the obvious question, why after all the work they've done do we have a buck fifty stock? And what are you going to do about it THIS year (real time lines are crucial in this)? Kinross owns 10%, they've done and are doing due diligence, sell it to them. And if you aren't going to do that, then you need to be held accountable for the atrocious stock performance. Then failing that, the next step would be to form an entity, raise money for it (buying 10% of CLG at these prices would only be US$8million, certainly doable) get some technical/management help from someone in the industry, and organize a T. Boone Pickens style raid, or challenge at the next AGM. |
