Hi JimmyP,
I’m not waiting for a response from management. I do not want to directly communicate with management. I used Kevin as an intermediary to relay onto management some suggestions I had in regards to the stockpiling of ore. My request was that they keep shareholders periodically posted on the approximate tonnage of ore stockpiled and the approximate grade they were encountering. I was also interested in an approximate DAILY PRODUCTION RATE.
I’ve been a member of a group of securities lawyers, economists, investors and Ex-SEC employees that are very much into STOCK MARKET REFORM. We represent the needs of the MAIN STREET INVESTORS and we often butt heads with WALL STREET “PROFESSIONALS”. In 1999, we suggested to the SEC that they address what we referred to as “SELECTIVE DISCLOSURE” of non-public material information, by corporate issuers, to Wall Street “professionals” acting in the capacity of analysts and hedge fund and private equity investors. We noted how these “professionals” acted like they were “ENTITLED” to such information whether or not they had any interest in doing business with these corporations.
The SEC enacted what is referred to as REGULATION FULL DISCLOSURE or “Reg FD”. This mandated that when corporate issuers relayed nonpublic material information to parties on Wall Street, that they simultaneously make that information available to all investors. I am the last person that would approach management in order to acquire actionable inside information. If I did, I would demand that management have me sign a NONDISCLOSURE/NONCIRCUMVENTION AGREEMENT forbidding me from any market participation until all information that was conveyed to me IN TRUST was made public.
Many months ago, a poster on this forum asked me a question that was tangentially related to REG FD. I mentioned that my group was active in pushing through some legislation. Baldy immediately called me a liar and told all of you that I was “DELUSIONAL”. How would Baldy know what I was doing 24 years ago?
Being that I am not done establishing my final “long” position in Medinah or Auryn, the last thing I would do is to handcuff myself from buying more shares. I’ll know if my recommendations bore any fruit at the next shareholder update.
My group was also very active in contributing many dozens of pages of testimony to the SEC and others while pushing for another SEC Regulation, this one banning “ABUSIVE NAKED SHORT SELLING”. This resulted in what is referred to as “REG SHO” which was enacted in 2005.