Mav,
I am with you on virtually evey point.
I think I will reiterate my point on one of my previous posts.
This is a monetary producing hobby for Mr Westmoreland & others on the BOD. This is a project to occupy his & other's time, whilst it will probably someday turn into an very profitable venture.
In oil & gas exploration circles, JW & the other members on the BOD can brag that they have tons of acres under lease with 3D shots that are promising & that he bought out Chevron on those leases.....but that still doesn't do squat for we the shareholders, until holes are drilled & oil is pumpimg crude oil.
I have a hobby of putting old or unique coins in a change purse in my desk drawer. I doubt if it will ever be financial gain for me....but my great-grand kids may find it a conversation point someday.
Personaly, I am looking for capital gains for me in my life time. I think that is a resonable request of a shareholder since '05
Happy Holidays to all