Well Said Ned..
posted on
Jan 22, 2011 09:31PM
Focused on the Rice Lake Gold Belt
..a follow over from the SGR board, an interview with MR. Ned Goodman.,
NG: The minimum criterion is that management is capable and honest. There are so many companies that will sell you a flow-through share at a 10% premium, and never do a day of work, never have a property that’s worth working on. These guys have a management company and have ten of these projects. What people don’t realize is that up to 10% of your flow-through money can go to overhead, so they take 10% here, 10% there, on all these dinky little companies. They do a little work on some properties, but who cares, all the money flows back up to the top level, and the management gets big stock options on the stocks they’re playing in, and if they hit, well, they’re totally screwed. They don’t know what to do anymore! We don’t give these guys any money!!!....................so ! we don"t give these guys any money !....... whats that mean for us share holders of SKP. We as share holders and JV partners with SGR on the StrikePoint claims that lye adjacent to San along with shared synergies . (2005 ). I would think that if Ned thinks he has the best engineering team to do his homework then we should be proud. I recall Dundee ( son of Ned ) taking a position on our side of the fence . I wonder if the Son told his Dad or is he playing on his own and rolling the dice on a long shot. I guess since our collapse in share price we see to have fallen out of favour, but knowing that we share Sans synergies means our side of the fence also gets the sh$$ kick ( share drop ) out of it. Now that flow through has paid dividends to some along with their team , maybe they will show their expertise and move our share back to wheir they thought it had real value at their PP offfer. PS " OR WAS THIS A 10 % HERE AND 10 % THERE COMPANY THAT OFFERED A GOOD CARRY LOSS FORWARD . with out prejudice. Long On The GoldenFairWay, Feng Shui East West ,Traps7