Henry: Thanks for the feedback re J/L.
I just received an AGM package today; I didn't get one when they were first sent out and had to call Naxos last week to get one sent. Hmm, I wonder about that...
Can anyone comment on the following:
1) I could be wrong but didn't Jimmy John used to have millions of shares? The Proxy Cicular shows him with only 891,622 shares plus warrants.
2) The share position table shows that Sidney Kemp, our Prez, has a mere 6000 shares, and both John Goth and Ian Gordon have zip. They may or may not have options, but the lack of share position here isn't impressive. The other board nominess have lots of shares, however.
3) Hole RC-5, located at the south end of the playa where the water flow gets partially dammed by the little mountain (Eagle Mountain or something, it's called, I think), shows pretty nice values, 0.1 to 0.2 oz/ton gold. Pretty respectable, isn't it? And there some platinum assay results on RC-4, whcih show platinum at about half the grade of gold or so. Heck, forget the ore at the center and northern end of the playa...doesn't the south end of the playa seems rather appealing, grade-wise?
4) $40K to $50K in annual automobile expenses? At $0.35 a km, that's 114,000 km travelled. Did management drive to work from Vancouver to Franklin Lake every day? Yes, I'm being facetious here.
5) JV equity income is $108K; could this by any chance have something to do with the plant in South America?
6) Could the $168K writedown of license agreement represent the JL agreement?
Any responses welcome. Cheers! |
