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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (238)10/21/1999 2:23:00 AM
From: ahhaha  Read Replies (2) | Respond to of 4409
 
I see that you choose to answer/debate only the questions that fit your way of thinking and leave some unanswered.

Well now I guess I could make the same claim about you.

That is fine with me.

Then why raise the point?

No doubt I agree with that. But BAY is still in control and has issued capital only when needed. That is why there is only 10 millions shares out. You wont see too often in the market, a mining company with so few shares out that has control on a deposit like Alamo Dorado.

It was you who were implying the saintly or self-interested or was it disinterested nature of BAY management since they presumably wouldn't go to the well when the big find needed hatching. This is self delusion. You can't really believe that that is either in shareholder's interest or management's intent. They'll farm out Alamo to get the capital to reel in the bigger glory hole at Santa Ana. Greed is in endemic to miners.

ROyal Oak is rather unique. There are not too many similar case.

You claim to be an expert in mining companies and you make a fool claim like that? Without the slightest doubt the percentage bankruptcies in mining far exceeds all other industries not considering the abnormal last 20 years. Probably put together. Whereas the big companies like NEM and ABX get by, the smaller companies are notorious for Alta Golding. You only see the more visible incidences. How many times have you yourself expressed endless caveats about the shell game nature of the industry? That nature is recorded in over 150 years of mining history.