Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (9524)	4/22/2006 4:19:45 PM
From: hubris33	Read Replies (1) \| Respond to of 78416

loantech - interesting the changes of fortune in WGDF over the last 10 months. One needs a score card to follow all of the changes and the intrigue. A key difference in the battle of corporate will power is that as far as I can tell Oliphant doesn't directly own much if any stake in WGDF and was installed as COB by Investec Bank. See Item 4 in sec filing: sec.gov Oh I see Oliphant owns some options and controls some shares and options through another entity, but no direct money. Also, I note that this transaction is not as transparent as the USGL/McEwen deal: I had to dig through SEC filings to get a picture of the facts. McEwen on the other hand came into power the old-fashioned way, buying an initial 33% position in USGL. In addition McEwen put his own money into CGR, NPG, TNS and WKR, and even bought some of the $75MM private placement. Every step of the way McEwen has been public about the deals with press releases and next day SEC filings. I dunno, call me out of touch, but I'd rather follow a guy who has a vision and puts his own capital on the line to acquire and build that vision rather than having it handed to him. But then again one has got #36 giving advice to #1....wdik? <wink> H3