Re: Bob Friedland
I am well aware of who Robert Friedland is - for both good and bad. His checkered past was detailed in a Forbes article a couple of years ago (although Adrian Day claims there were some inaccuracies in the article, and the article reeked of a smear attack).
However, Friedland was successful with DiamondField Resources. That cannot be disputed. So, what does one do? One evaluates ING based upon its current and future material merit, just like with any other company. Does ING have the copper and gold? They do. Is the management competent? I think so, with Ed Flood running the operations. (Friedland's role as Chairman is passive with regard to operations, but a bit more active with regard to financing.)
Friedland has had a checkered past, but one would be a millionaire if one had $10 for every financier or security analyst, past or present, who has had moral or ethical lapses. As I mentioned in my last post, ING has the goods - Bre-X did not.
Investment decisions regarding ING are the same for everything else - if you like what you see, invest; if not, then don't. It is that simple. |
