posted on
Feb 16, 2012 10:16PM

Solid foundations. New horizons.

Message: Spin-Off
Coeur d'Alene Mines(CDE) about 20 years ago or so made an offer for shares in a little silver exploration company traded on the Spokane Stock Exchange. At the time the majority of shares were held by CDE. Orignially, the little company owned the Rochester claims, south-east of Reno. Since CDE held the majority of the property, the minority shareholders got the "Royal Hosing." The Rochester Mine turned out be be the biggest gold and silver operation in western Nevada. In exchange CDE issued shares in a defunct property to minority owners of the Rochester claims. I suspect CDE never-ever printed the shares for themselves because at the time it was just a cow pasture and they knew it better than anyone.
Since the majority of our shares don't have potential hostile aspects attached to them yet, I support protecting shareholders rights NOW. Just stick the gold related assets in one company and keep the rest under the Probe Mines umbrella. How about Borden Lake Gold for the name of the new company? Kirkland Lake Gold seemed to work for them.
We have to get serious about this or some company will come along and squash us like a bug.
I think everyone should be adding to a potential shareholder's trip plan in case we all need to make the journey and fight for our rights. Remember, it's not up to Dave but the Board and who knows if their minds can be twisted against us?
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