Dennis,
There are a ton of companies whose PR folks are readily and willingly available on the internet or through any other medium of communication.
I laud your efforts to revive your web site and I am pleased with the effort toward timely news releases.
In my view, your statement is a step in the wrong direction for the company.
We have been plagued with missed deadlines and poor communications. Had we not, the company would have in my estimation been priced by the market at a much higher valuation than it is today.
I view the efforts of Mr. McKay as a breath of fresh air and I hope that the effort toward better communications with shareholders present, past, and prospective can be continued. Thin skins are not allowed, and professionalism must be maintained.
I know the troubles of your position. McKay is reporting the moon, and also has Twiford and etc. The figures are very high and must have been derived from selected ores as I have publicly advised here. Nothing wrong with that and I consider it the avenue of choice here. The idea of assessing the whole orebodies at those valuations I consider rediculous. Let us not mislead. If we have selected ores of those values, then please let us process those to our collective benefit and fund future expansion and shareholder value accordingly.
My thought is that we are at a critical point here in many respects. We are critical on production and profit, communication with shareholders and we are critical on credibility with the mining and investing public. Certainly we are still critical on environmental and permitting issues.
We know not the source of the analysis for the values reported. If they are in-house and not verified by competent outside sources, then the old doubts creep in. Frankly, we have heard this before and it has failed to be materialized. Let the company understand our collective doubt.
That can be solved in two ways. My favorite would be production and please understand that I will be pleased with somewhat lower numbers as I know that scale up does not always approximate lab values. The second you know.
If the selected process involves copper collection and electrowinning, then we need to inform the shareholders of our limited capacity in that area. If we can do a ton a day at x dollars, well we need to say and do that. That would certainly be progress. We need not to say and not do but to say and do.
In the end, we will be judged not by what we say, but what we do!
Let us say what we do and do what we say!
Re our President and his status with shareholders and not feeling comfortable with an Meeting. That can be also solved in two ways. He can change the shareholder feeling by attention to the job at hand and by enhancing shareholder value in all possible ways, or by handing the reigns to more capable hands!
That sounds a bit harsh, but it represents reality. Neither you nor he can hide in a closet here.
I request that you not do so, Sir!
Jack, small but still holding! |
