Other board
posted on
Apr 09, 2008 11:35AM
I notice some whining on the other board about what some posters think the company should be doing to enlighten shareholders .... it is pretty clear by now that is not their style, money spent in that direction is limited and to some extent management has an "if you don't like it don't invest us" .... I see that as being characteristic of a CM company, and this approach has led to his unpopularity in some companies where opinions differed and he moved on.
Its a battle retail shareholder's can not win and they should understand disclosure and pr is a wonderful objective ... very expensive for large companies (too bad for them) and result in a greater cost to manage (lack of economies of scale) on percentage terms for a smaller company.
To my knowledge there is no violation of statutory requirements ... answering phone calls from people with 50,000 shares wanting to flip and trade them, having an updated webs site are certainly not requirements.
I support CSG management strategy .... the only thing I might wish to see is more drills exploiting properties ... but hey that as function of cash and I don't care much for dilution
I also question the motivation of some of the whiners and those pushing for what IMO is non value added in a hostile market ... I might feel very different if the junior golds were cooking and CSG was lagging behind ... but every analyst ... Embry included have said the market is very bearish .... I think that notes such as Justthefacts are a disservice to a team of people who have earned the right to be trusted until information as required legally is released and can be meaningfully assessed.
Orgy