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Implanting

03/31/21 4:46 AM

#15146 RE: COminer #15143

COminer, You may be spot on with that statement. Keith did his DD when he bought these properties and I think that in the current PM environment they can ALL be very profitable for the right Company, so I don't think RR could question that as a problem. I did learn from the webinar yesterday that Auteco approached FMG, it wasn't us going to them.
That tells me the Auteco management had done their DD on PC too.

I firmly believe PC to be a top tier property and with everything it has going for it with the existing infrastructure (we didn't know about) and all the past data on it made the Auteco JV a sweetheart deal for them. They knew what they were getting and it was much more than I think our people thought it to be.

I also believe that because Dan had so many plates spinning at once with our other properties and especially Springpole, Management decided to go the Auteco route, which obviously left a whole lot of money on the table for Auteco.

Implanting

04/01/21 1:21 PM

#15156 RE: COminer #15143

COminer, I was just on the phone speaking to Dan and brought up to him what you said concerning Rick Rule and his comments on the Company.

Dan told me that Rick was out-of-touch when it came to his opinions on the Company from about two years ago to today. Dan said we currently have about 50M in the bank, the direction of the Company was clear, and he wasn't sure what Rule meant when he said we were marginal. I told him I wasn't sure if he meant our properties or our Management were marginal.

That got a good laugh out of Dan.

Maybe RR meant our share price in which case I would agree with him 100%.
In any case with friends like Rule, who needs enemies.