By Dudley Pierce Baker
Founder and Editor, Junior Mining Resources
Frankly, we are tired of watching companies spend money on exploration, sell more stock, spend more money, sell more stock. Well, you get it. Constant dilution of the interest of shareholders. Sure, in some cases there is an increase in reserves but many of the exploration companies seem reluctant to take their companies to the next levels, development and production. Is this not the end game?
We are at a lost for a good explanation of the reasons why managements delay trying to place properties into production to raise some revenues while continuing to explore the property and expand their resources.
We have seen hints of this frustration from others and sense it is time to pressure management for some answers. Perhaps it is time for a change to younger and more aggressive management and professional geologists.
We are going to get real aggressive on this subject in the coming weeks and Ellis Martin and I in our latest interview give you will get a taste of our attitude and frustration. We call this segment, Mining Management: Get Off the Pot!!
Let us here at www.JuniorMiningResources.com assist you in picking the future winners.
I had a welcomed two-day break from the markets while visiting with Ellis Martin in his Los Angeles Studio. We took out three of his fleet of Mustangs and made the turns on the Pacific Coast Highway, the canyons, Beverly Hills and Sherman Oaks, Santa Monica and Venice Beach. Ellis loves to ‘punch the pedal’ and we were lucky, but what a thrill. Of course there was lots of discuss of our business and the markets and this led to our next topic.