United Resource Holdings Group, Inc. (URHG)

[themtharhills]

Anvil,

I agree there is a will (after all Low and Strack are shareholders themselves).
At the latest shareholder meeting Low said he would step down after a month if Dun Glen did not produce gold. (It has been over a month now). At the meeting URHG also stated stated the company's intent was to get professionals to run the mine. So I think the company is conceding that Dun Glen has a lack of mining knowledge.

However, at the previous shareholder meeting about two years ago it was Low (and Strack was the contractor) who stood up at the meeting and announced production was about to begin and they expected big numbers. Then the obstacle of a cold November came in and that was the end of that.

Two years later, at the next shareholder meeting the same two guys are in charge, and 30 days of production was about to begin and again obstacles come up and it sounds like we have had just 10 hours of mine operation. And this time we were told they had the financial resources to run for at least a month.

After this has happened twice, I am taking the position that these two need to be replaced ASAP because I don't think we will have the luxury of having another 2 years trying to overcome obstacles before seeing success. Every mine, including successful ones have "challenges" (and that won't change).
So we need people whose track record, experience, knowledge or professionalism indicates they will be able cope with challenges better than the current DG managers have coped.