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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

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  • Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Isnt tomorrow last day for John to buy shares- Guess he isnt getting anymore

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Re: Isnt tomorrow last day for John to buy shares- Guess he isnt getting anymore

posted on Jun 13, 07 12:32PM

It will be interesting to see what the final tally will be. The more he buys the better I will feel. Having the CEO buy on the open market is certainly a vote of confidence.

I hope the yet-to-be-determined bonus package does not include common shares. If JS were to recieve a large pile of shares, it would undermine much of that confidence.

Should JS purchase, say, a million shares at 0.12; then I would feel pretty ok about my investment. I know that he would want to protect the value of his shares. After all, it's his money. But what if JS were to be given a boatload for free? Say, 2 million common shares as a bonus. In that case he wins even if the share price goes down!!! Dump 2 million shares at the all time low share price of 6 cents and you pocket $120,000. Not a bad little bonus for a year's work. The funny thing is that the CEO doesn't even have to do a good job to make that money. In fact, the share price could collapse and there would still be a six figure bonus after all is said and done.

At this point in its corporate history, WLSA management can buy the trust of shareholders by purchasing shares on the open market.

Buying means BUYING! A few hundred thousand shares is not enough. Buy a boatload, JS. My trust can be bought!

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