Our new VP of Finance and CFO, Thomas Mair, joins the company from Golden State Resources. He left that firm in December because he didn't want to be part of the move from Denver to Toronto (and perhaps other undisclosed reasons). So, he joins a firm with its headquarters in Sasakatoon and major operations in South Africa and the United Kingdom with smaller operations in Michigan? Hopefully, he just wanted to get out of the volatile gold sector and felt the rare earth sector had nowhere to go but up. The geographical part of it all is strange though. BTW, he bought nearly 42K of GSS shares on the open market for $1.86/per back in March. They now go for $.46. Sound familiar?
Nice to hear from you Derek. All mining interests ( coal, silver, gold, REEs, etc.) have been beaten up pretty good this round. REEs will have a place in the new world order-- but the question is --is there a leader that will deliver us. I think he is amassing his team to see if he can pull it off. One of three paths await us: bankruptcy, M&A or development of the integrated model. The story is intact. The pieces are aligned, but can the dots be connected. The ride has been a bumpy one--but then again what developmental company does not have the periods of near failure, escape and redemption. I am still holding every share. Not accumulating at this level as already have a full boat. But staying the course for the full ride. Cheers.
Greetings Shaman. Yep, I'm holding as well. I must say though that a few years ago I never would have envisioned the path the company has followed. I thought Jim was the right guy to lock up financing deals, the Chinese partnership would permit the free flow of resources, the permit to store hazardous materials might have led to a path to generate additional profits- those were the "slam dunks" in my mind. Of course the reality has been a constant state of inertia enabled by the dishonest operations team that was in place for a bit and tumult at the top with ongoing turnover of key management. I'm just hoping LaVier puts them on a path to consistency with milestones that are reached and profit centers that optimize the potential. I'm actually amazed that some of the players in the sector haven't failed in these tough rare earth times.
Yeah...pretty funny, isn't it? You would think that they would be hiring people with expertise in mining and metals, but they keep replacing people with finance backgrounds. Gee, I wonder why? HA HA HA HA HA HA HA HA! Not to mention past track records...but you did mention that little detail. Good observation. Vancouver is alive and well in the rest of Canada these days. Far more money is made in funding and trading stock than 99% of these crapola companies will ever make doing any real business. Welcome to penny stock world.