posted on
Aug 03, 2008 04:35AM

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten
The company whose shareholders were better than its management

Message: Puplava
hawnkoa stated
I don't understand why Puplava can't comment on ARU because he owns shares when he today said he feels Minefinders is worth at least a double and someone will buy them out....he owns a lot of Minefinders also...
I also find this position totally unconvincing. The only exception would be if there were a rule preventing comment once a bid has been made. As far as I´m aware this is not the case. It is also quite improbable that JP is not aware that the the proposed law is said to be far milder than originally expected. So why this feeble comment?
On my original post I stated that there was probably a relationship between JP and Keith Barron. I´ve checked this up and found that there definitely is a very strong relationship. Barron was a regular contributor to JP´s Financial Sense between 2002 and 2006. JP brought Barron onto the Kimber Resources board (JP is still there, KB resigned in Feb 2008). Three of the biggest positions in the Puplava portfolio have connections to KB (ARU, KBR and TDC), whether the friendship led to the investments or vice versa I´m not sure, but it is not relevant - they know each other very well. Is it likely that they haven´t discussed this development? Clearly not, so one can only speculate as to JP´s reaction. He must either be very angry (so why the feeble comment), resigned to losing a large potential gain or in the know about something. The smell is that the latter is the case, but what it might be I wouldn´t like to say.
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