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I found this on the CGP thread on stockhouse. Moydow is mentioned. Somebody should tell this guy that Moydow is going up because they're close to signing the deal with Newmont. Not that I would complain if he's right about the drilling at True Grit.
The Casey Investment Alert #110 6/17/2003
Cornerstone Capital (CGP.V:C$0.33)
As you probably gathered, I really like owning exploration companies
that use their acumen and skill to find good projects and then use
other people's money to fund their exploration programs.
Cornerstone Capital has done a stellar job implementing this business
model since the company was reorganized and restructure earlier this
year. With just over 13 million shares outstanding and C$1.35 million
cash in the bank, enough to last them at least three years at current
expense levels, Cornerstone is well-financed. The stock is trading for
C$0.33, implying a market capitalization of only C$4.5 million.
On June 4th, Moydow Mines (MOY.T:C$0.90) announced that it had
commenced drilling on the True Grit property, one of Cornerstone's
projects that Moydow is funding. Moydow's stock jumped 20% today
on volume of 387,000 shares. That's about ten or twenty times more
volume than Moydow typically trades.
As far as I know, Moydow is not working on any other significant
projects at the moment, and that could mean that they found something
interesting at True Grit. Therefore, now may be a good time to start
accumulating Cornerstone Capital.
If Moydow did indeed make a discovery, then Cornerstone's share
price should do well from here on. If not, this is a good time to buy
Cornerstone anyway. Given that Cornerstone currently has eight
projects being funded by joint venture partners, seven more projects
for which it is looking for partners and five additional projects in
Labrador, also being prepared for joint ventures, C$0.33 is a very
reasonable price to pay for the stock.
In all, joint venture partners will spend approximately C$1.27 million
on Cornerstone's properties this year while Cornerstone itself will
spend another C$300,000. Regardless of what happens at True
Grit, the Moydow joint venture, there should be a steady stream
of exploration news coming from Cornerstone over the course of
the next six months. And that will, hopefully, bring Cornerstone to
the attention of the market.
I have been following Cornerstone since prior to its reorganization
and both Doug and I participated in the private placement earlier
this year. We have not recommended the stock because the share
price was significantly above what we paid for it, there did not
seem to be any urgency to buy the stock and the share price was
declining. With Moydow shares trading sharply higher on high
volume today, that may have just changed.
Paul van Eeden
--- END OF ALERT ---
My speculation remains that a minimum of Can$.80 will be distributed, regardless of the NEM share price. Nonetheless, you are correct, management will be tempted to reduce the distribution given the NEM share price increase above $25.50. Will be interesting to see what happens...
FWIW, my reasoning for the Can$.80 minimum distribution is based upon the June 17, 2002 MOY private placement at Can$.80. Believe these PP investors (via Haywood Securities) will get all their original money back via the distribution..., otherwise they will be much less likely to invest with MOY again... Also, as posted previously, per my understanding via phone call, MOY was thinking on distributing between 60% - 75% soon after the announcement, and I would think 60% would be the minimum... based upon that now dated conversation...
If I could have doubled up I would have done it 3 weeks ago when the stock was in the low 70's but I'm already fully loaded from my buys in January and February.
Is this the run that takes us over a dollar or just another head fake?
perhaps it is because the disconnect between NEM and MOY is just getting too great and tempted someone to consider buying some NEM on the cheap. my worry is that the management of MOY might lower their distribution based on the now greater valuation of NEM - hasnt it gone up about 25% since the announcement of the purchase? if sinclair is right and 33 is now support than that makes .90 for MOY look cheap - should we all double up?
jon
That was quite a day. What brought on the buying I wonder? I cannot believe it was just that Newmont was having a good day so Moydow followed. That would be a new one. Maybe the deal is going to close soon? More likely in my humble opinion. Odd to see CIBC so active in the stock today, never noticed them before. Hopefully the seller at Loewen is finished selling. Another 15 cent day would put us over a dollar.
Well said! :) -- a long punishing trek through swampland.
I've read that a stock normally trends upwards or downwards for about 30% of the time -- the other 70% is trending aimlessly through "swampland."
We're finally getting rewarded for our patience,
cool.
Hey Michael,
We're going to do a lot better than .90 on this deal. I've held this peach for more than two years with zero promotion and no interest from management in shareholder concerns, it's still worth 1.19 cash from Newmont plus the value of the remaining projects. This entire sector is like a long punishing trek through swampland.
Richard Russell feels the same way...
http://www.321gold.com/editorials/russell/russell060603.html
Next I want to turn to a stock that I have urged all my subscribers to own (I bought more today). That stock is Newmont Mining (NEM), the world's largest producer of gold and the gold stocks with what I consider the best management in the business.
But again, let's get technical. NEM has formed a massive base, and I showed a point & figure chart of NEM on a site a few days ago.
Looking at a monthly chart, NEM looks to have formed a massive five-year base going back to its low of 13.25 recorded in August of 1998. The breakout of the huge base would come on a Newmont closing of 33. As I write, NEM is trading above 31. If NEM can close above 31 it will be its best closing in five years. But the real breakout would come at 33.
Again, I'll repeat -- I'd like all my subscribers to own shares of Newmont.
I think today could be even more significant .... NEM is attempting a 3-year breakout > about 33 and MOY finished above the 200 week around .86 .... to me, could be a change to a general uptrend into the deal closing date, not that I think it will go straight up.
What's wrong with MOY???
NEM up today and MOY actually participated...
above the 50 day MA and accum/distribution has crossed...
http://stockcharts.com/def/servlet/SC.web?c=MOY.TO,uu[l,a]daclyiay[dd][pd20,2!b50][vc60][iUf!Uc45]&a...
Now you're in the green. Last at .90 on 385,000 volume. About time!
Ha ha ha ha, I finally broke even #msg-967960
Oh, joy...
Yep, I noticed that..., and agree that it is almost certainly referring to the Ghana operations...
<and if so then I would think that would include a review of their soon to be acquisition, Ntotoroso.>
Yep, could be upper management due dilligence... :)
Did anyone else notice this?
Mr. Lassande in his response, said the company was getting increasingly confident in the sector following their research in the area of their operations.
I take it he is referring to their Ghana operations and if so then I would think that would include a review of their soon to be acquisition, Ntotoroso.
http://www.ghanaweb.com/GhanaHomePage/economy/artikel.php?ID=37677
Newmont hitting new highs again today. Last at $32.50. If gold continues to rise against the dollar over the next month, we should be in good shape for the closing of the deal. Its ironic that Moydow traded higher when the deal was announced and Newmont was at $25.00. The deal is worth much more today.
NEM still busy with Yandal...
If my assumption correct, MOY will have to wait until after 6/26/03 for NEM lawyers and staff to get MOY due dilligence done since Yandal is a much more pressing matter...
Nonetheless, believe MOY will start getting the top attention of NEM (instead of Yandal) as the July 22nd deadline nears.
___________________
DENVER, June 16 -- Newmont Mining Corporation today
extended the consent payment deadline in regard to the
offer through its subsidiary, Yandal Bond Company
Limited, to acquire all of the outstanding 8 7/8 percent
Senior Notes due April 2008 issued by Newmont's
Australian subsidiary, Newmont Yandal Operations
Limited (Yandal), formerly Great Central Mines Ltd.
Under the original terms of the offer, in order to receive
the consent payment of $20 per $1,000 principal amount
of the notes, holders had to tender their notes and
provide their consents to the proposed amendments to
the indenture pursuant to which the notes were issued
by the consent payment deadline, which was 5 p.m.,
New York City time, on June 12, 2003.
A total principal amount of $39.28 million of notes were
tendered before the original consent payment deadline.
However, several note holders requested an extension
to the consent payment deadline to allow for additional
time to analyze the offer. Newmont has agreed to this
request.
Under the amended offer terms, holders that tender
their notes and provide their consent to the proposed
amendments by the scheduled expiration time of the
offer, which is 5 p.m., New York City time, on June 26,
2003, will be entitled to receive the consent payment
of $20 per $1,000 principal amount of the Notes.
Citigroup Global Markets Inc. is the dealer manager
and Mellon Investor Services LLC is the depositary
and information agent for the tender offer and consent
solicitation. Note holders' requests for documentation
should be directed to Mellon Investor Services at
(917) 320-6286 (for banks and brokers) or toll-free
(800) 392-5792. Questions regarding the transaction
should be directed to Citigroup Global Markets Inc.
at (800) 558-3745.
The offer to purchase notes and consent solicitation
are being made solely by the Offer to Purchase and
Consent Solicitation Statement dated May 29, 2003,
and the related Letter of Transmittal and Consent, as
they may be supplemented or amended, which set
forth the complete terms of the tender offer and consent
solicitation.
The bond offer was made concurrently with an offer by
YBCL to acquire all of the hedge positions of Yandal's
seven gold hedge counterparties. The only hedge
counterparty that did not accept the May 28, 2003,
offer by YBCL has stated that it is continuing to evaluate
YBCL's offer in the context of developments relating to
Yandal. This counterparty has indicated that it will not
demand payment under an alleged early termination
event in its hedge contract until close of business on
June 26, 2003.
This forbearance was conditioned upon the
reinstatement and continuing effectiveness through the
forbearance period of YBCL's May 28, 2003, offer to
purchase that counterparty's hedge positions with
Yandal. YBCL has agreed to reinstate its offer to the
counterparty and continue that offer's effectiveness
through close of business on June 26, 2003.
Newmont, based in Denver, is the world's premier
gold mining company and the largest gold producer
with significant assets on five continents.
Not really that knowledgeable on MOY, have only been involved with MOY for the past 2 months or so... I did call the company a few weeks ago as described, and based on that call still believe MOY will make a 60% - 75% NEM share distribution, and it appears recent shareholder letter supports this hoped for distribution...
Toronto Stock Exchange Listing Requirements
http://www.tse-cdnx.com/en/pdf/TSXMiningRequirements.pdf
a...I'm thinking since MOY sold off it's primary reason to be on the senior TSX exchange -- what type of acquisition you think they'll have to make to remain there? An acquisition that has production wouldn't be out of the question...this might be the answer we'll see.
Regards,
Michael.......
Pierre Lassande has just recently been in Ghana:
June 11th
President Urges Mining Firms To Be Humane
President John Agyekum Kufuor yesterday called on mining companies in the country to be sensitive to the plight of the people in their areas of operations. He said it was important that such companies in the country became good corporate citizens to enhance the growth and development of the country.
President Kufuor made the remark in Accra when Mr. Pierre Lassande, president of the US-based Newmout Mining Corporation, led a delegation to pay a courtesy call on him at the Castle, Osu.
“We want you to be good corporate citizens of this country. Wherever you go, show sensitivity to the people,” he said. The President further asked the companies to recognize the owners of the land on which they operate and treat them as such.
He assured the company of the government’s preparedness to lend every possible support to the company to enable it to smoothly operate in the country. Mr. Lassande in his response, said the company was getting increasingly confident in the sector following their research in the area of their operations.
Newmout Mining Corporation is to operate at Kenyasi in the Brong-Ahafo Region and Akyem Ntronang in the Birim District of the Eastern Region. Mr Lassande said the company was technically satisfied with the conditions in their proposed areas of operation. He noted that no mining company could survive in this century’s social environment if it was not sensitive to the needs of the people.
http://www.ghanaweb.com/GhanaHomePage/economy/artikel.php?ID=37677
<With MOY I am comfortable waiting for another 40 days>
<Me too, but gosh do you think these idiots need that long? If so, the stock may get pretty nervous without disclosure. If they disclose terms, a definite timeline, and it's short and sweet (at least equal to the current share price on the distribution), I'll be a big buyer if the stock fails to react again. The fact that I wouldn't now reflects on mgt's credibility wouldn't you say?>
I would venture a guess that there is over a 50% chance that this deal does not close until the week of the deadline, now 39 days away... NEM still has to complete their due dilligence and I am guessing that the Yandal hedge fiasco takes top priority over everything right now for the NEM lawyers and management team. MOY deal will be on the backburner until Yandal resolved or right up until the July 22 deadline.
That being said, I would also not be surprised if they announced the due dilligence being completed today..., but I think it is 45% chance we see this deal close between now and July 15 and 55% chance we see this after July 15... Just a guess.
You should not be surprised that MOY is quiet now, MOY is likely in a quiet period required by SEDAR/SEC rules pending the announcement. As I recollect, neither Francisco or BAY.to made any announcement whatsoever between their merger announcement and its completion. Any announcements/news releases made were always made by the acquirer, namely GLG and PAAS. Neither Francisco or BAY.to ever made a press release during this quiet period is my recollection, and I believe this has to do with SEDAR/SEC rules prohibiting such communications.
The real problem I have with MOY is they issued very few press releases during the MONTHS before the announced merger intent. Have to agree with your comments that MOY is not shareholder friendly in regard to communicating with its shareholders... I understand why they cannot communicate now, but they should have made several press releases for the 6 month period prior to the March announcement.
I will be watching.
And again I sincerely wish you guys nothing but profits.
Having experienced you frustration.
In 41 more days we will know, one way or the other...
Today................ 11-Jun-03
120 Day Deadline..... 22-Jul-03
Days to Go........... 41 days
NEM 120 day deadline for due dilligence began 3/24/03, I would think the TSX and other regulatory and corporate approvals either have been obtained by now or just a rubber stamp process, pending due dilligence being resolved...
"subject to TSX approval, appropriate due diligence and other regulatory and corporate approvals."
http://www.marketwatch.com/tools/quotes/newsarticle.asp?siteid=yhoo&sid=126960&guid=%7BA1338...
Something smells.
Here is a stock that he called a 'Mulligan' the last time he was on and I bought it on his recommendation and now no-one mentions it. And very little is traded.
Well I sold mine. I hope that anyone sticking with it makes big time. You deserve it. I will keep monitoring this thread, because I am curious to see how things will turn out.
Good Luck to all of you.
I didn't hear MOY mentioned .... seemed to be about 20 other "great picks" that came up, though ....
What happened I watched and nothing about MOY. Did anyone ask a question or was the issue avoided?
I sent an email (marketcall@robtv.com) requesting an update ...
... be nice to see it mentioned as a "gift" again.
John Embry on Market Call.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19021233
Somebody should phone in and ask him about MOY. Worked last time...
Even if it closes on Monday, I would not get my hopes up for anything close to full value being received, e.g. over C$1.20.
If it trades similar to other small cap mining cap arbitrage deals I have seen, it will pop up the first day (well above the 70% distribution amount and likely to 100% of NEM share value) on the announcement, and then trade back down again, IMO. You will likely have to hold until you actually receive the NEM shares to get the most bang for the buck, given NEM share price remains constant.
For example, even after PAAS formally announced to acquire BAY.to (i.e. after water rights fully resolved), the shares bounced up, dropped down a bit and were very undervalued right up until the day you received the PAAS shares and warrants. I bought more BAY.to the last day of trading for a 20% arbitrage profit. Sold all my PAAS shares and got the warrants essentially for free. Would not be surprised to see same for MOY...??
Similar situation when GLG bought out Francisco, I bought the last week prior to formal merger date for a good arbitrage profit as I recollect...
So if they close the deal on Monday and announce a distribution of the Newmont stock, what's going to happen to the share price? Will it trade at 0.90 1.00 1.20?? Thats what I would like to know. I think somebody else already said time is on our side and I guess thats true if you have the patience to wait for it.
In the meantime here's hoping they drill through some good minerilization at True (Golden) Grit. There's nothing like good drill results to attract attention to a stock and this one needs it.
new math = US$.67 **
currently trading @ Can$.78 = US$.58
this US$.67 includes ONLY the "likely" amount to be distributed to shareholders... Thus, MOY now trading at 86% of the "likely" distribution to shareholders...
**excludes everything else..., i.e. cash on hand, 30% NEM shares retained, existing MOY gold properties, and NEM royalty...
____________________________
________________________________
The new math with NEM stock price @ $32.25:
$20,000,000 NEM consideration
$25.50 share exchange rate
784,314 total NEM shares to MOY ***
70.00% assumed % distribution to MOY shareholders
549,020 share distribution to MOY shareholders
26,414,014 MOY shares o/s
0.020785164 NEM shares per MOY share
$32.25 NEM share price
$0.67 arbitrage value of MOY share in US$
________________________________
*** Note, the 784,314 shares have now been confirmed by MOY latest quarterly report (see page 2, paragraph 2):
http://www.sedar.com/csfsprod/data38/filings/00547392/00000001/w%3A%5C3w_out%5C25493%5C1qtr.pdf
Loewen is the big seller again today:
15:11 0.780 4,500 +0.000 CIBC Loewen
12:30 0.780 10,000 +0.000 Loewen Loewen
12:30 0.780 10,000 +0.000 Loewen Loewen
11:59 0.780 15,000 +0.000 Caldwell Loewen
11:58 0.780 10,000 +0.000 Caldwell Loewen
11:52 0.780 10,000 +0.000 Research Cap. Loewen
If they're public .... communication matters .... how else do you ever get a company fairly/properly valued?
well, say what you want about the poor communication by MOY management - and poor it is! MOY still has proven that they can find the gold, market the gold to a biggie like NEM, and bargin for the deal to be capped at NEM 25 or so - when now its pushing 33 - and about to break out. luck or stroke of genius? you may vote with your money - as for my MOY shares (hopefully zero cost basis) - im keeping them ex dividend based upon their track record (in spite of poor communication) as a junior explorer. so what if they run it like a private company - IF this outfit is honest and competant - what else matters?
(really)
longjonsilver
I would just prefer to enjoy this NEM ride with real NEM shares in my pocket instead of hypothetical NEM shares in Moydow's pocket ... at least then I can get off the ride (fairly valued) when I want to.
criticize MOY mangement all you want...
But that $25.50 NEM share cap was a stroke of genius...
http://www.321gold.com/editorials/russell/russell060603.html
Could be, as long as NEM keeps rising, we may be better off with continued delay right up until the 120 day deadline... The 25% to 40% that MOY retains in NEM shares will likely be sold soon after the merger and converted to cash. Reading Russell tonight, MOY would be better off just holding onto the shares (after distributing the 60% - 75% to shareholders as I anticipate and hope)..., rather than converting immediately to cash.
Today's trades:
15:33 0.78 34,500 GRIFFITHS LOEWEN
15:32 0.78 15,500 GRIFFITHS LOEWEN
15:26 0.78 14,500 GRIFFITHS LOEWEN
15:24 0.78 15,500 GRIFFITHS LOEWEN
15:19 0.78 4,500 GRIFFITHS LOEWEN
15:11 0.78 5,000 CIBC LOEWEN
14:28 0.78 500 E-TRADE LOEWEN
14:24 0.77 10,000 TD ANONYMOUS
14:24 0.78 5,000 CIBC LOEWEN
13:15 0.78 5,000 CIBC LOEWEN
13:02 0.780 5,000 CIBC LOEWEN
13:01 0.780 5,000 CIBC LOEWEN
12:59 0.780 5,000 CIBC LOEWEN
12:53 0.760 10,000 TD ANONYMOUS
12:49 0.780 5,000 CIBC LOEWEN
11:44 0.780 1,500 CANNACORD CANNACORD
11:44 0.780 6,500 CANNACORD LOEWEN
09:54 0.780 3,500 LATIMER LOEWEN
09:38 0.770 4,500 LATIMER CANNACORD
Re: Newmont at $31.76 now.
NEM is getting awful close to a serious breakout .... check a long-term chart.
Newmont at $31.76 now.
Here is an update to the calculation:
US$20M x 1/US$25.50 x US$31.75 x CND$/US$0.734 x 1/26.5M shares
= CDN$ 1.28/ Moydow Share
Looks like they will drill lots of shallow holes. I wonder if they will be targeting the high
grade quartz veins or the zone of lower grade mineralization.
Of course the news was released by Cornerstone not Moydow. It looks like they don't bother
with the least amount of PR anymore.
Pope & Company is buying:
-----------------------------------------------------------------------------------
http://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
I wonder if they are taking direction from above. Moydow could use some divine intervention. (g)
NEWS.........
Moydow Mines To Commence Drilling on Cornerstone's True
Grit Project
MOUNT PEARL, NEWFOUNDLAND and LABRADOR--Cornerstone Capital
Resources Inc. (TSXV - CGP) is pleased to announce that joint
venture partner Moydow Mines International Inc. (TSX - MOY) is
set to commence drilling on the True Grit Gold Project in
south-central Newfoundland.
The True Grit property, 356 claims covering 89 sq km, contains
two primary target areas originally discovered by Teck
Exploration in 1989-90 during regional follow-up of lake sediment
geochemical anomalies. The two areas, named True Grit and Golden
Grit, are characterized by widespread soil and till geochemical
anomalies associated with deformed, carbonaceous, calcareous
metasediments.
This first phase of drilling will comprise a 1,000-meter, 12 to
18 hole program. The drilling will focus on the True Grit
prospect, which is within a 2600 m by 800 m area with coincident
gold, arsenic and antimony soil anomalies. High grade quartz
veins on the western flank of this anomalous area assayed 15.9
g/t gold over 1.0 m and 18.0 g/t gold over 0.5 m. Approximately
1.2 km to the southeast of these veins is a broad zone of
low-grade mineralization within a sequence of inter-bedded
pelites and lesser siltstones carrying 1 to 3% finely
disseminated arsenopyrite-pyrrhotite-pyrite and numerous narrow
quartz veinlets. Trenching in the zone by Teck gave 0.48 g/t gold
over 47 m and 0.7 g/t gold over 14.0 m, and two drill holes gave
wide intersections of low-grade mineralization with up to 0.48
g/t Au over 42.7 m reported. This zone appears to be open in all
directions.
The geological setting, style of mineralization and geochemical
association of gold with arsenic, antimony - and locally
tellurium, tungsten and bismuth - suggest similarities to
"orogenic-style" gold deposits such as those found in the
prolific Tien Shan region of central Eurasia.
The agreement with Moydow Mines on the True Grit Property is one
of eight joint venture agreements Cornerstone now has in place,
including seven gold projects and one VMS project. Other
Cornerstone projects in Newfoundland & Labrador target potential
deposits of iron-oxide copper/gold, sedimentary stratiform
copper, and platinum group elements.
On Behalf of the Board of Directors
Glen H. McKay, President
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Cornerstone Capital Resources Inc.
Glen H. McKay
President
1-877-277-8377
Email: info@crigold.com
Website: www.cornerstoneresources.com
The TSX Venture Exchange (TSXV) has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.
The first quarter report is posted on SEDAR and includes a letter from Brian Kiernan dated May 28th. Not much new though he does mention that they will be starting a new round of exploration at the Kanyankaw Project in Ghana. He repeats the previous statement regarding the intention of the company to return a major portion of the Ntotoroso sale to shareholders in a tax efficient manner. You can read it here:
http://www.sedar.com/csfsprod/data38/filings/00547392/00000001/w%3A%5C3w_out%5C25493%5C1qtr.pdf
NEM is likely busy with its Yandal counterparties and related due dilligence, which is more important than the due dilligence in regard to MOY...
http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B285256D3600025523?OpenDocument
Completion of the MOY deal due dilligence is likely being postponed would be my guess, but VERY unlikely it will go past the 120 day deadline: i.e. JULY 22, 2003 by my math...
"It is anticipated that the sale of Ntotoroso will be completed as soon as possible and in any event within 120 days, subject to TSX approval, appropriate due diligence and other regulatory and corporate approvals."
How else can one interpret "and in any event within 120 days"... I see no wiggle room for this deal to go beyond 120 days based upon this statement...
I have actually received replies to two of my emails to the company though the responses took approximately three weeks each time. I have also had my emails ignored on several occasions. If there is a publicly traded company out there with worse investor relations I do not know of it.
The problem here is that a large portion of the shares outstanding are owned by Noel Kiernan and he runs the company like a private one. The end result is that the publicly traded shares suffer especially in this market. Not only is there no attempt at promotion but the existing stock holders are made to feel ignored and disregarded. That is why the stock is offered at .75 today despite the fact that there is a deal coming to the company worth 1.20 per share. Management needs to be held accountable. Who is going to the AGM anyway? Someone with a strong voice I hope.
At least they have a track record of finding mineable deposits. If their geologists are right about True Grit and apparently they are very excited about the property, we will finally see some positive movement in the share price. Not that I bought this for a drill bit play.
Agreed .... I want mine too .... but if I've learned one thing out of this, it's that I much prefer owning juniors like Kimber who are up-front and current in the info they provide, if only to keep my "market frustration level" reasonable.
http://www.investorshub.com/boards/read_msg.asp?message_id=996364
<I'm not even convinced they read them (e mails)>
Hence the name "VP-Corporate Development": looks like a fine opportunity for a corporate cost savings move <ng>.
I don't want these assholes holding any of the NEM stock, give me all of my portion of it!
Having never received a reply to any of MY emails, I'm not even convinced they read them .... but good luck .... meanwhile, NEM looks to be putting in a short/mid-term top at 30 .... check a 3-year weekly chart.
this is part of an email to michael@moydow.com:
it appears that many in the investment community are frustrated by your lack of clear and timely communications with shareholders - why is this so difficult? dont you care about the people that have invested their money with you? dont you care that the market values this at less than .80 when the alleged NEM shares are worth 1.20/share, plus cash and royalties plus exploration properties? is this huge discount not the markets opinion on management? cant you do something to change this?
longjonsilver
This will be the project with the staff sitting there gazing into space because the operators never communicated any duties to them .... Moydow could learn about communications from just about anybody else.
"Moydow will operate the project with our staff assisting."
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