Anything said here is just IMO. The letter contained in this posting refers to multiple shareholders and a consensus. I used that terminology because I was given permission from 6 shareholders to send that letter by email on their behalf as well as my own.
Hey guys - Below is a copy of the email I just sent to EAGM in hopes they will release the numbers we need. I - along with others - are tired of not getting numbers that EAGM should already have - IMO. They have been dealing with the El Alacran project for a while and I do not ever recall seeing the numbers they promised on that one as of yet - and that was in August when EAGM said we would be 'Seeing them shortly' or 'In the coming days' or whatever time frame they gave.
I am not bashing them - although it may sound that way - I am just tired of not being given what they said they would give to their investors for months. Promises, promises!
Dear Mr. Delgado,
First I would like to say that it is my belief that the El Alacran Gold Mine Corp. is a very real and viable company. The PR's, although few, have been consisting of more facts than hype and that shows a lot about the potential of the company.
On the other hand, I feel that there has been a huge lack of communication between EAGM and it's shareholders due to the length of time between press releases and the lack of hard numbers, or even potential numbers in those releases of what EAGM shareholders could look forward to in the near or even distant future.
I understand that it has been previously stated by EAGM, that the price per share of the EAGM corporation stock is not in any way a reflection on the direction of the company or the potential of the company. While this may be true, it is my and other shareholders opinion that this is a very unfair attitude that EAGM management has taken towards the companies stock value and towards it's shareholders. The shareholders have spent their hard earned money on the EAGM stock. It is not fair for the EAGM management to sit by while it's shareholders continuously and slowly lose money because the price per share of the stock we own has constistently gone down due to the lack of communication through press releases that show the real numbers of what is in the ground, what has been pulled out, and what the potential for long term profit is.
Essentially, we the shareholders have been promised and have not yet received the hard numbers and financial transparency from the company that we have needed and not just wanted.
For the management at the El Alacran Gold Mine Corp to continue to sit by and fall back on the statement that the price per share does not reflect the direction of where the company is going or the potential of the company is no longer acceptable.
We have helped you by buying the stock. The EAGM corporation has not however helped the shareholders by withholding the valuable information of numbers and facts. What is listed on your website as far as numbers go does not tell anyone very much at all. They only people who know what those numbers mean - are the company management - not the shareholders!
A good example of this is the El Alacran mining project. No press release has ever given out hard numbers of what the projections are in ounces and in dollar amounts for that project. That press release was in August and we are still waiting for a extensive report and numbers on that in a press release. Posting a little bit of information on your website about the El Alacran project does not constitute a full release to the public.
Now we have had a press release regarding a joint venture. Wow that sounds great but besides saying there is a large amount of gold on the surface pit, - again - where are the hard numbers or a press release that issues a full geological report from a geologist?
We need answers. No one is asking the impossible but simply for EAGM to supply us with the hard numbers that they already have At least for the El Alacran project. Why is it so hard for the management to understand that being a publicly traded company requires more effort on their part and to do something about it.
I guess we will se how honest the EAGM corporation really is.
Will there be no response, a response saying the it will all happen in due time - or will we see the numbers in full of what the company has found in minerals, and in regards to the company financials, up until this point. I and others are not asking for what you don't have, but please give us what you do have.
The time for waiting is over - the time for EAGM to stop treating the shareholders the way they have is here. Please respond in a press release containing this information. Forget trying to email me with anything but something solid. Forget the rehearsed excuses. I only want numbers. Numbers talk and bullshit walks. Which are you?
Thank you for your time,
X. XXXXXXX
GLTA! ;) - WITH NO PANTS ON!
AI
