Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Playing the devil's advocate

I'm voting for management (and signed up just so I could post this).

Agree with you re the lawyers and accountants, gee, I wonder what they'll do with the company.

I wouldn't vote for Sheldon Iwentash.

I thought the deal with CHM was strange with respect to the cross shareholdings, and now that Granger in the proxy is taking credit for that deal I understand why - and makes that structure/deal suspect, IMO. Snake in the midst?

It's a mess too because both RGX and CHM hold shares - what do they think will happen to their shares if the alternate board wins? And they've assembled a Board but no President because the Board would need to vote on it? Give me a break...you have no idea what you'll get other than a cheap breakup.

What Peter Smith has accomplished is fairly incredible IMO, look at all the very promising assets he has assembled. Not something you see every day for sure. And in this environment no less.

He is an accomplished entrpreneur/explorer. The area that he needs to get on (or have someone take more seriously) is the corporate governance side of things. Or hire someone who will deal with that. You can't raise serious money without having that side nailed down too, it's just the way it is. And it is not unusual for this to be the way of the explorer types - doesn't mean they can't get there though - the smart ones will figure out that the corp governance needs to be taken seriously. Hopefully it is not too late for Mr. Smith.

With respect to the comments in the proxy about the financings, they were weak weak weak - this has been one of the toughest periods for any junior to finance within, if they can at all.

And if Granger thinks he's so great, what's happened to the stock price since he's been chairman in 2010.

I'd say this alternate board proposal is opportunistic at best, vulture capital. I hope they don't win.

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