So here is my take on today's shareholder update. My interpretation of or translation of the update.
Speaking as the BOD, as usual, we delivered nothing of real substance to you shareholders at the shareholder meeting on Mother's Day. Well what exactly were you expecting, 100 ounces of gold for every attendee?
We are planning our next AGM now, which we believe will best be held on Christmas eve or Christmas day. We haven't made up our minds yet. Once we know which day will be less attended, then we will publish the date. By the way, what are you guys doing on Easter of 2015? We want to throw a bash for all you loyal shareholders.
As you are aware, we announced that we have an offer. Just so it is clear to you, we have an offer on the table that we will not accept. It's not in our best interest. It's not even as good as Ulander's.
Just think about it. If you were in our shoes would you accept an offer and end the whole show? We want this saga of the ADL/LDM/NUOCO to go on forever. Just like trading in sardines. The last one to buy the can of sardines who eats it kills the business. So we keep going with our latest drilling news, latest assay, latest offer. AHH! What a business model.
We know when June 9 rolls around and we have not accepted the offer, many of you will be more than outraged. So we have devised a plan to keep you at bay. Here it is:
We know we need to deliver, and you expect us to, but it's just not happening. So the second best we can do is to give you hope of hitting the mother lode by giving you these stepped up announcements of fantastic assays, off the chart assays, surprising discoveries, major findings of gold, tunnels full of other metals just waiting to finally see daylight after many millennial reigns, to finally be shipped to the refinery.
So, we have now decided it would be silly to team up with a major. We will explore and mine our claims ourselves. We believe there is too much to split with a third party major mining co. We want to keep it all to ourselves.
We obviously hope that you will buy our story. In reality, what other choice do you have? Not much. You can always sell your shares, and maybe make a little, make a lot, or lose a little or lose a lot, but if you do, you will miss the greatest discovery of gold ever. So do you want to miss the show? We don't think so. Hang on and just focus on the future. We will keep on updating you with our progress. Isn't this fun? Our assays just keep getting better and better. Now what other mining company, Jr. or major, can do that?
We want you to focus on the potential of our mountain, forget the past promises that never materialized. The potential is great. Just hang in there. Some day, we will deliver. Some day.
Signed:
BOD
