Re: New Directors
in response to
by
posted on
May 15, 2008 04:39AM
Speedy, I have no interest in getting into a verbal sparring match .... it wouldn't be fair in any case.
Facts are:
AUQ was undervalued given the easily accesible gold and a quick source of cash, however they lacked sufficient reserves and it had insufficient potential for a talented team to really make a meaningful gold mining company on its own.
MGM had gold but lacked cash without dilution
The merger was an excellent idea.
Since the merger the company has not been effectively managed.
Our share price is unacceptably low and if the directors are not doing something about it then they should also be replaced ... it appears that something is being done.
Junior mining companies are being hammered on the market.
CSG has an extremely talented miner who has not only commisioned the AUQ assets successfully is now doing/done so with the MGM assets.
My opinions:
Speedy:
You know less than you think you do.
You could be a more effective communicator by separating fact from opinion and not thinking you with your limited access to information know more than the managment team.
You have been wrong in the past with some of your claims and you are wrong now in understanding the relationships within CSG.
Burpit:
You have good ideas but are obnoxious in many of your comments.
Additional Facts:
The CSG board at Agoracom is committed to allowing open views which remain respectful and constructive. Criticisms and praise are equally tolerated as long as they remain within the guidelines of good taste.
Please be notified that comments perceived by myself as not meeting those guidelines will be removed or editted.
Orgy