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Gold/Mining/Energy : Pacific Rim Mining PMU.T
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To: Patr who wrote (279)11/20/2004 6:07:56 AM
From: Phil Jones  Read Replies (1) of 312
 
Patr, I agree 100% with your comments. It's time to shake this company's management out of its lethargy. Four or five years ago this company had fire in it. Now it goes along with infrequent news releases, each one with a new set of poor results from drilling on the Eldorado site and a mention that the drills are next being moved to here or there on the site. It's pretty obvious to anyone reading the news releases that the Eldorado site is a disappointment. There's 800K ounces of gold there apparently, but it has been stuck at that figure for 4 years. Isn't it time that the news releases started to talk about other possible exploration sites they're looking at? I have suspicions that Catherine McLeod-Seltzer is giving this company very little, if any, of her time because of all the other mining companies with which she is involved. She was the driving force of Aeroquipa, and the pusher behind this company till the merger 4 years ago.

I think your post expresses what a lot of us on this website are thinking. It has to get back into promotion, and that means looking for new interesting properties and getting the word out to investors. Gold isn't at US$250 anymore. Last time I looked it was at US$445 and heading up. This stock was at $1.70 or so 6 months ago. How can it be at 84c today?

The only question I have is whether the management could care less if 100 or so small investors approached them to change their style, when its the big institutional investors that carry the weight? If some of the big boys approached them, they'd jump.
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