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Gold/Mining/Energy : El Misti Gold Limited (EMG V) -- Ignore unavailable to you. Want to Upgrade?


To: Alastair who wrote (408)4/15/1999 7:23:00 PM
From: Alastair  Read Replies (1) | Respond to of 513
 
I must state that i have nothing personal really against the management of emg

they are trying

the methodolgy is not correct here

If a company is going to pay X amount of dollars to and IR person then lets have some that does not pump and dump this stock

it is already in a bad enough situation with our respect for the management, the IR team, the layout of an IR PLan

something must be wrong here

if we have 250,000 ounces of gold in a ten hectare area, then maybe kinda sure it might be elsewhere in the same or similiar geological environment or lithological horizon

sure
why not

but i know there is a better way of disseminating news other than the way it is being handled

one thing i disgust in is extremely high volume (1.5million and 0.8 million shares) trading the day before a 1.5 day trading halt.

the stock rose 50% on information that must of been discussed before hand

that is wrong in my books

slam people with news
dont leak and then hope for better because we know that the investment community has already built the share price to the high before news

it is then logical that the stock will fall to the .12/.13 range

imagine ...just imagine if they held a tight lipped ship
then slam with news

at least some of us sitting with paper trying to unload at the near .20-.25 range might have an opportunity

Lets stick 10-15 holes in the area around this 250,000 ounce resource in step outs of say 300 meters - 500 meters outside the halo that we have already received data

if these holes come in with what we think they have then excellent

This 250,000 will be 2-5 million ounces
we sell the stock to Homestake for $4-8 a share and we are all happy

but in this market it is hard to find an investor or broker or anal-yst that will come out and say "Hey, lets extrapolate this data...holy smokes we have 3-5 million ounces"

NOT

We have to prove our self through competent management, professional IR Team, industry respected consultants and firms, and maybe even a buy-in agreement with Placer, Homestake, Barrick, Teck, Cambior, Mitshibushi, Cominco (?)

and some good intercepts regionally, then unlike the poster about 5-7 responses back we know

but then we have to have these IR Team and Management keep it hush hush and then let er' go

They keep disproving themselves to me and my EMG stock!

I bought in on the play, the promising area, the history of the region, the geology, the political stability and the idea that hey when you have all this behind you, you have something

but remember that the front line has to know something about mining, geology, engineering and be able to deliver the corporate message to the investment community

I have lost my faith in Marie....she told me to my face that EMG came begging to her....and she said well it better be a good package and a good salary and EMG knelt before her and said please..she said ok

well good for her...i am happy for her....but if you believe in the properties and potential then why would ya want such an incredible package..you would feel honored to work on such a project and with the potential there.....$0.15 options you would make a killing on the rise and share appreciation.....you dont only do it if you get big bucks and big options..that shows me that you are doing it for your own and only your own greed.....and will from that point on pump and dump to make some money over the short term

remember the goal is:

Maximization of Shareholder Wealth

not lets see how much money we can make

I apologize for my nature of posts but EMG and us have to realize that we need to change part of their management structure to get things done or we will continue to hold $0.13 paper for another year

Do you want that or should we read this post and just say "Shutup Alastair"

I may go on and on

but i feel it is important

again i apologize for the long post but hey that is what this forum is all about

to discuss your feelings on the stocks you own or wish to own

As always

Alastair