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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (131494)	9/23/2008 1:58:54 PM
From: DetectiveT	Read Replies (2) \| Respond to of 313018

Claude, I appreciate your analysis and perspective on SCM and work in the mining business. I know this puts a mark on the integrity of SCM and IF in a year or two the stock is trading over 3$ then some of that options repricing will be seen in hindsight as being excessive. Thanks, Terry

To: Claude Cormier who wrote (131494)	9/23/2008 3:41:39 PM
From: jennifersilversun	Read Replies (1) \| Respond to of 313018

So Claude, any thoughts on epm trading at 20 cents?

To: Claude Cormier who wrote (131494)	10/4/2008 10:13:28 AM
From: AuBug	Read Replies (2) \| Respond to of 313018

The alternative is that any geologist that can get a job with a major is going to jump ship because their options are worthless. I suspect the exodus has already begun. "Clearly it is annoying to see options being repriced lower. However, this business like all others must operate with people. The salaries paid are usually very small and most often only a fraction of what the option compensation package is. The guys must often have other consulting jobs with majors to make it through. I know personally a director of a mining company that has been sitting with options for years without a salary. I am sure there are many like that. If not through correctly priced options and decent salaries, how do you create the incentive for their employees to keep working there? Already the business is speculative and there is no guarantee that the stock price will be worth enough for the options to be exercised at a profit. So what is the alternative?"