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Nov 30 = THE END OF THE DEAL?
***It's not bearishness...it's lack of a belief that management will act in the best interests of the company's shareholders.***
I partially expect to be proven wrong.
Anyway share price doesn't move due to anonymous posts.
Hopefully they just buy out the company for $0.60 / share
Long 21,500 units
Looks like they will survive without any significant dilution.
PR: Donat K. Madilo named interim CFO
think choosing Dave Langille as CFO at this time was poor decision making. The old CFO (Donat K. Madilo) was on staff...why not have an interim until the deal is done.
I think a lot of people on this board agree with that statement even though they aren't speaking up.
**I'm not allowed to say I'm disappointed in management.**
That I think this (Dave Langille) is a bad message to send to shareholders at a critical time.
What's your problem?
Seriously?
You tell me?
I
The balance sheet did look better in terms of Prepaid expenses, cash and gold on hand.
The problem is that they have the streaming deals decreasing their realised price of gold.
I'd say it's much improved. But is it enough?
Sometimes there are ulterior motives though. I just don't trust management at this point to do what is best for the equity.
Most of the package was likely already in place, The high quality CFO left and will not get tared with this package. Leave it to Dave to add to his hit list.
You think this is the same as 2011.
Why should we have any confidence in this guy. He was very deceptive (lied) on the CC's @ NAP.
This (BAA) was always a gamble based on the credibility and capabilities of management.
Management has zero credibility after their choice in CFO.
This guy is the closer.
Meaning he's brought in by the investment bankers to close up shop and bring it home to them.
That CFO will destroy the remaining Shareholder Value.
CFO destroyed shareholder value @ high Palladium prices
http://www.napalladium.com/investors/news-releases/news-release-details/2015/North-American-Palladium-Announces-Management-Changes/default.aspx
The CFO is very BAD!!!
What do you think.
They look at this.
This board.
I want to be proven...Right..?
Wrong...
What do you think.
I think they have a lot to prove.
We've been patient and that time is over.
I dumped 100k plus shares due to their choice of a strategic specialist.
I've lost my belief in management's decision making capacity.
Yeah @ 4.50 Copper & 1800 Gold prices.
What are the strategic objectives here?
I'm not promoting another company.
GSS and BAA traded at the same price when I bought my stake in BAA.
In my opinion BAA had better mines to work with and has vastly under-preformed.
I still own 300k of baa. But I am disappointed.
Your telling me that your happy with this performance?
Your telling me that your happy with this CFO pick?
Bull!
This CFO has done nothing but destroy shareholder value at every company.
I own zero shares of GSS
GSS & BAA were at the same level.
Obviously GSS has a better management team.
We put our money in the wrong company.
The CFO they picked is terrible.
Saying Go BAA is just babble...meaningless.
I'm a shareholder.
I'm a shareholder who's really pissed off.
Waiting for them to prove me wrong.
China & Gold - http://finance.yahoo.com/news/eldorado-announces-closing-yintai-transactions-120000946.html
Moved a little of BAA money to EGO
Martin impresses me as a man of good character.
Also, as an honest man.
Our finances...and futures are dependant on our judgement in character being correct.
Sold all common shares last week. They are filling BK
Thanks so much for the info.
yes # 5 is here.
I expect MEMP to not make their bond payment next week and have sold all common before today. I pan to hold 60k worth of unsecured.
SDOC canceled their stock and converted to new equity.
curious if you could seed me a copy of the whole e-mail.
would be appreciated.
They have a lot of oxide material remaining. They are trying to stick as close to the mine plan as possible.
One time when I was questioning Mr. Jennings he stated he had a lot of operational flexibility.
I think he was being truthful and if need be they would deviate from the mine plan and produce more oxide material.
You know I don't believe in the whole manipulation mantra.
Long 440 k shares
Added 5k today.
That makes me feel better.
They should be in pretty good shape actually.
Namoya produced on target and we just need the fine crushing equipment at Twangiza.
Rather ugly chart & price action
Long 18k units - cost avg = $1.55
At higher cost too.
equity is worthless.
do you have the CUSIPS for PRGNPQ
I've been trimming my evep and buying the common with my profits. But if i didn't have a position I'd buy some of the bonds.
CLD looks like a bad risk reward to me.
It could trade around 70/100 for years.
I saw BTU bonds trade as low as 06/100... wish I had bought some. but that time is past.
I'll look into it. I don't see coal having a profitable future under the current and future regime. I have a very different outlook on coal as opposed to Oil and nat gas.
Linn bonds are still real cheap relative to what they should get in the end.
BTW there is a good chance that MEMP may not pay the bond due on NOV 1, I was long the common but am trimming and continue to hold the debt.
Mostly good points I agree with.
Although they did an acquisition before they filed.
So questionable as to managements intentions.
Seems that it was all planned out and they wanted to best position the company for post BK.
So, frankly they didn't have survival in mind. Just their convenience.
I didn't loose a dime in SDOC but I still think is was a real slimy deal regardless if these are just penny flippers.
big opportunity here
It's over. They got your money and it's not coming back. You can always file a complaint with the SEC if it makes you feel better but these guys knew exactly what they were doing. They took it right up to the edge of legality but didn't cross the line.
They made a big accusation and then filed BK so that they could run the company debt free for their convince.
Well...I don't watch sports...so the market is like my Superbowl or World Series.
So BAA re-fi would be equivalent to my teams in both sports winning the championship within the same year.
I'm almost more excited about the potential of refinancing and a new CFO.