Late Night Chat with Client Evolving Gold’s CEO
By Peter Grandich
May 14, 2010 at 7:17 AM
Not surprisingly, I received a call from Robert Barker of Evolving Gold late last evening. Thankfully, my previous comments about him being a true gentleman were highly accurate. While he took exception to some of my previous comments about management, he and I ended up having a truly great chat. Even more importantly, I came away from our discussion even more bullish on EVG’s future endeavors.
At the same time I was previously pointing out the market had concerns about some past management decisions, I also reminded those who took issue that this is the very same management who discovered not one, but two potential world-class deposits. Knowing 99% of its peers never even find one, I think we must put that fact at the top of the list when reviewing management’s qualifications.
Robert recognizes the company has not done a great job on the investor relations side of things like the conference call earlier this week. He noted like the fine addition of having Tookie Angus take charge of the board, management is seeking similar caliber-type personnel for the IR side of things.
But, perhaps the most important part of our conversation was Robert’s assessment of the two projects themselves. It was during this part I realized how fortunate we were to have his 45 years of exploration experience. I came away absolutely convinced EVG can have one heck of a summer and fall. If a junior truly lives or dies based on what it hits at the end of a drill bit, EVG shareholders have one of the best chances of living long and strong. In his heart of hearts, Robert thinks we’ve hit only the smoke at Rattlesnake and the second drill hole at the Carlin was the best he ever was personally involved with. It also helped me realize what he was trying to get across on the conference call about the anticipated 43-101. It’s not some horrifically low number versus some legitimate number one could’ve speculated on the back of an envelope, but rather as important as the resource is, Robert feels what’s in front of them on the potential discovery front is what the market should be focusing on. He recognizes he didn’t communicate that well and assured me this makes the desire to greatly improve IR even more paramount. (my bolding for emphasis)
Knowing there’s a potential conflict of interest not only because of my working relationship, but the fact that I now own over 1.3 million shares makes me highly biased, I truly had pleasant dreams after finishing our conversation. Knowing it can and will come back and bite me if EVG isn’t anywhere as successful as I now believe it can be, I’m going to suggest “All” speculators/gamblers consider EVG as a significant part of their juniors portfolio. Yes, you must be prepared financially and mentally to lose part or all of your capital. But for that clear risk, I think the reward could end up among the best I certainly have experience in over 25+ years playing the markets.
EVG trades on the Toronto Stock Venture Exchange (symbol EVG) and on the U.S. Pink Sheets (symbol EVOGF.PK)
grandich.com
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Additionally, this is an email I rec'd from Quinton in response to my bitchin' w/r to Barker's CC mis-steps......
Re: Hi Quinton...Re: today's Investor Conference call
5/13/2010 9:28:04 A.M. Eastern Daylight Time
From: quinton@evolvinggold.com
To: Basserdan@xxxxxxx.com
Hi Dan,
You've been with us for quite some time. I appreciate that.
This call was poorly timed, we can see that. I was on the road and have not heard it but received a lot of feedback. It is clear we are short staffed in management and will be looking at IR shortly. In the mean time, I will try my best to address concerns.
I can readily speak regarding exploration. We are absolutely ecstatic about our new land at Carlin, most of which is private and outside the AOI. I believe it gives us a better position that Barrick when they acquired the Goldstrike property nearly 25 yrs ago. The drilling is going well. We are almost done with the present hole at about 3900' and have seen the same strata as previous holes. Assays may be back by the end of May. Rattlesnake is getting a late May snow, but we are all geared up for a start between the 20-25th. We have Bob Felder onside now (formally ran exploration for Fronteer). This is a relief for me because we have been run ragged lately. Carlin is a big project to add to a small company.
We will address these calls better going forward, especially after we bring on a new IR person.
Sincerely,
Quinton Hennigh
President and Chief Geologist
Evolving Gold Corp
Sent from my iPhone |
