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Saturday, November 03, 2007 2:06:59 PM
I agree with your assessment. I am a optimist by nature but I am also not as naive as I once was. What troubles me about Berman is his complete disregard for shareholders. I think he sees this company as his and that as long as he knows what is going on, he is a happy camper. This would be fine if this was a private venture, however, this is a public company and he should have the common courtesy to keep us in the loop. This is from the October 13th PR:
"The operator will transport a truck mounted drill rig, water truck and two pick-up trucks to the site to drill approximately 27 holes. The majority of the holes will be drilled on the native surface road and all holes will be drilled to a maximum depth of five hundred feet."
Why has there been no update on this? I don't care if it is in a PR, but why not on the website? It should not have taken 20 some days to move a rig. He should put out an message on his website that says:
"hey, we have moved the rig and we have begun drilling. News on the results when we get them."
Also, i want to know is he going to do the whole drilling campaign of 27 holes prior to logging them? This would be a retards approach, so I hope it isn't the case. It would be nice to see maps with clear dill hole locations and the order in which they are going to be drilled. Has he consulted a geologist on how to best drill or is he just putting holes in the ground for the hell of it? There might be a load of uranium down there, but we might now know it unless the exploration is done properly.
I think a shareholder letter would be worth while. Give us some idea of what is going on. I know he is not required to, but it is a common courtesy to investors who have provided him the means to make it this far.
-faz
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