Will,
I think we’re talking about two separate issues. You’ve made a good case that the Salman report, although highly optimistic, should not be regarded as an outright lie.
However, this does not absolve MPV from a responsibility to explain to investors the true risks involved in the Gahcho Kue project.
You are talking about an act of commission; a deliberate effort to mislead the public through a lie.
I am talking about an act of omission, where something that should have been explicitly stated, the relative high risk of project failure, is not being adequately explained to investors by management.
It's true that it is the responsibility of Patrick Evans to promote the Company, but it is not his first responsibility. The primary responsibility of management in a public company is to keep investors informed, whenever possible, on issues that have a material impact on the financial outlook for a Company.
It’s not good enough to point to the Paradigm and Salman reports and say that this could be true. It is the responsibility of management to represent the best interests of shareholders by taking adequate care to advise investors of the true risks involved in any venture, so that they can make informed investment decisions.
Will, you may believe that MPV has adequately discharged this responsibility, but I must respectfully disagree.
Yours truly, B |
