Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten
The company whose shareholders were better than its management
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - MONDAY MAY 28TH, 2012

SONOMAX completes $3 million equity financing

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Otto's blog

2nd shots 1 002
Rank: [?]
President
Points: [?]
23987
Rating: [?]
Votes: 222 Score: 3.5
  • Currently 3.6/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Otto's blog

posted on Oct 28, 08 05:38AM

10/28/08

Albatross update



I've been quiet on the subject, because Noront (NOT.v) isn't anything LatAm, but the quote from ousted NOT.v headguy Richard Nemis just about sums up what I think of the new board at the company that includes Patrick Albatross Anderson, destroyer of shareholder value at Aurelian and Colossus Minerals.

Richard Nemis said in Canada's Globe & Mail that the ex-Aurelian managers "certainly would not have been my first choice," for board seats because Aurelian shareholders "got shafted" in the Kinross deal.

Well said, Richard. The world of retail investors is waking up to the fact that management is every bit as important as projects for a junior miner. Mediocre, self-centred and self-serving arrivistes such as Anderson need to be called out. He thinks he can just waft in and take over one of the most exciting mine projects in Canada after the stunt he pulled at Aurelian and not be the centre of well-deserved vitriol? You have to be joking, Albatross!

How Ari Sussman must be regretting his decision to add Albatross to the Colossus BoD. After the latest NOT.v mercenary act from Anderson, I wonder how long it will be before Sussman (a guy with a decent reputation) decides to issue the "we thank Patrick for the contribution he has made and wish him the best in........." press release?

CSI.to (Anderson joined early September)

A final word; the last time I mentioned the albatross was in this post. A few days later I got a mail from a person in the mining world that said (words to the effect) that it wasn't very fair of me to keep attacking Anderson, and that it wasn't a way for me to make new friends.

You see, dear reader, that's how the insider's club of junior miners keeps itself going. "You want to make money with us? Well stop the badmouthing, be a good little boy and then we might let you join." All I can say to that person is, "Expect more on Anderson and his type at this blog, because I really don't need any new friends, and I certainly don't need the soiled money." I wrote back to that person and said that if Anderson ants to spend the rest of his life as a geologist and bang rocks together, well that's fine by me. But he has decided to cross the line and become a business-oriented CEO/director and is now fully and clearly in the world of finances, money and shareholder responsibility.

So far Patrick Anderson has done nothing...absolutely nothing...to warrant to trust or praise of anyone outside the small, self-interested mining clique. He's in my world now, the world of looking after shareholders. And I'll be damned if I'm going to put up with people like him snatching money away from the people he should be caring about for the next twenty years.

Got it?


Related Post

Colossus Minerals (CSI.to) and "The Anderson Effect": An update

New Message

Please login to post a reply

AGORACOM Quick Tips

Small-Cap CEO Lessons - Is Your CEO Out Of Touch? ... Not Anymore

President's D.D.

Nothing else to say but thankyou aitakahashi read more