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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: ogi who wrote (46612)8/8/2007 5:52:32 PM
From: LLCF  Read Replies (1) of 78426
 
<To me the point with Primary is that management have a control block and have decided to vote it in favour of a 55 mil dollar market cap for their company.>

Well, if management owns a controlling stake in the stock, then they are selling themselves too cheap... but at least they aren't selling others peoples stock too cheap. I'd would think one would have a bigger complaint if management didn't own a share?

<I find it hard to imagine that anyone would bother becoming an operational miner in order to achieve a market valuation of 55 mil dollars. >

So, I guess the majority owners of the company want to let someone else take the company to a higher market cap.

All in all, I fail to see where this isn't a really nice gain they way I see it.

DAK
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