Alamos Gold Inc (AGI)

[amarksp]

okay my understanding per McCluskey today:

1) Millar was opposed to exploration, while the other directors were in favor.
2) Millar favored a bootstrap approach to Salamandra project (less than 20,000 ounces per year) while other directors favored 100,000+ ounce per year mine.
3) Here is the spin, FWIW... Chester lost his son (died Sept 03) he is 76 years old and "his heart is no longer in the project..."
4) Millar is now completely resigned and will not be involved with AGI in the future...
5) Losing Millar cannot be anything but a negative, because of his name/figurehead status. Nonetheless, if comments 1 and 2 are accurate, then his leaving should be best for AGI because IMO AGI should have a mine plan for over 100K production and exploration should continue on this property...
6) As posted, new director Harris is an old director of Alamos Minerals (pre-merger). He is also still a close friend of Millar, so there must not be much "hard feelings" with the Millar departure...

Most importantly, AGI still plans on being in production by 1Q05 with a 100,000 ounce + mine...

also, see http://www.investorshub.com/boards/read_msg.asp?message_id=1804416 nothing has changed here...