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To: hank2010 who wrote (91722)12/17/2011 9:47:12 AM
From: loantech4 Recommendations  Read Replies (3) | Respond to of 233880
 
I actually like what RYE did. I worked as you know in the mortgage business for many years. People won't like me for this but I do not like the current mortgage bail out schemes. If you don't pay your mortgage (rent) you get kicked out. Coeur did not pay their rent and they lost their property.

I have to make my payments so I guess I am a bastard as I think others should have to make their payments too.

Maybe I am wrong here and I am willing to listen to the other side.

tom



To: hank2010 who wrote (91722)12/19/2011 6:36:23 AM
From: E. Charters2 Recommendations  Respond to of 233880
 
Coeur's best option now is to strike a deal with Rye Patch IF their legal advice is they will lose. Who else best to mine it?

Courts tend to favour publicly held companies if the loss is due to a glitch, oversight or honest mistake, which after all, is employee generated often, and not do to massive board negligence or internal company policy. I have seen this precise cause more than once in the past. I know a geologist who lost the Freeport McMoran in PNG ground back in the fifties due to his lawyer failing to file the assessment or make some payment. This same geologist almost lost the Texas Gulf (Kidd Creek) ground back during the same era because a different lawyer almost failed to file some assessment work. Moral: Always do the vital work yourself and never trust a lawyer.