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anonymous Same.. maybe get a collection together and get @staffpro a keg
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@dirkdiggler So the problem with Gldn Hwy may be in current mgnt's lack of depth; an absence of geological-slueth-worthiness, rather than a function of 'geology' itself @HRA-Coffin? That's quite an admission....you don't often hear a CEO say those kinds of things. Like.....hmmmmmmm.
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@HRA-Coffin He didn't quite come out and say that Dirk but I took the same implication from it. He's an accountant after all. I think once the program started he realized there needed to be someone in charge of the program guiding it and making final decision about where to keep drilling, when to move to another target etc. He's known that for a while but admitted (which I believe) that its not easy finding someone senior with experience with that model. Lots of people drilling stuff like that lately and a lot of the good people are taken. He thought he had someone when I talked to him but there was one more meeting needed.
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@chatyak Maybe @HRA-Coffin or @dirkdiggler can offer their services for options or warrants...
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@chatyak And right this ship
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@HRA-Coffin To be fair, the guy has put his money where is mouth is many times over the years and is a large shareholder. I could tell how frustrated he was on the phone that he hasn't been able to deliver news faster. I'd like to say it would be trading better if he had put out crappy results or confusing releases. Maybe, but I doubt it. Let's hope he's found "the guy" AND has some decent results coming to turn this thing around.
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@dirkdiggler These are the intangibles that the avg Schmoe will never figure out, unless they really dig and get close to an insider who is willing cut with the BS and talk.....really talk (w/o divulging material info obviously). We all like to think that great geological minds are behind our co's every step of the way. Not even remotely true.
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@Stargate2 Moneta has a new model to follow now at Golden Highway.....As long as they follow instructions, it will be successful.
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@chatyak New management model
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@staffpro @chatyak new runway model
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@staffpro America's next top model
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@chatyak lol
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@Stargate2 Deeper high grade model beneath the existing low grade shell......
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@Vaughan If they follow instructions? @Stargate2, here is the deal because i dont trust anyone who claims to have this exploration game all figured out: go get a shell, take of just one of the claims you have "figured out" and follow your rules and instruction. No one, and i dont care how charitable a person is, no one would knowingly leave millions of $ worth in the ground for someone else to find if you already KNOW its there. And if they were that altruistic you wouldnt be here hanging with this crowd, who are here to make money,$ME $ADZ
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@Vaughan You're full of it my friend. Stip talking would you please. $me $adz
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@Stargate2 Moneta has their new model in hand....What they now do with it is at their discretion. ....Stargate II can do what tho thing else can, and once news of Franco backing this up later this summer, it will speak for itself...... $ adz
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@chatyak Franco Nevada? Backing what up?
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@Stargate2 The days of looking for conductors is over.....We now look for something else which allows for the testing of any one criteria meeting target environment, with a max of 2 holes....... $ adz $ me
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@CriticalInvestor @HRA-Coffin So you talked to Ian, did you ask about the new geo hired at PDAC, and how this guy is progressing the drill program, and if they will release results in small batches starting soon or all at once etc? Why is he so quiet anyway, he raised $7.6M, he should be drilling and marketing all over the place
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@HRA-Coffin I think they did not have a lot of joy with the first two or three outside targets but he claims things are going better, or they assume they are until they see lab results. He needs a VP Ex. or COO or new CEO for that matter from the technical side. He's been interviewing someone just recently so this must be a different guy than the one hired at PDAC.
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@dirkdiggler By the sounds of it Ian should simply insert Stargate II into the CEO role. Is it a bulky machine....will it fit behind a desk?
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@ayeyou @dirkdiggler that was awesome! I dont want to say too much but that made me laugh. Apparently we agree on a lot of points.
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@newswire Moneta announces new appointment to Board of Directors @newswire/moneta-announces-new-appointment-to-board-of-directors $MPUCF $ME #news/mining #news/gold - Dr. Kevin B. Heather joins the Board of Directors of $ME. Kevin is an exploration geologist with 40 years of field experience in North and South America and is currently the Chief Geological Officer and Technical Committee Chairman for Regulus Resources Inc. (TSX-V: REG)
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from #newsroom,
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@chatyak Can the ship be righting course?
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@MadeOfRubber This is good news. About damn time.
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@CautiousNow I've spoken with Kevin several times at Cambridge shows wearing his Antares and Regulus hats. This is a great add.
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@HRA-Coffin Agreed. Very sharp guy. Thank you Bruce Wayne, who I assume called him and asked if he wanted to come on. They've both been involved with Antares/Regulus for a long while.$ME
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@CriticalInvestor @HRA-Coffin Thanks Eric, so I take it the PDAC geo didn't take the job as he was very, very good according to Ian. Heather sounds good but still just a director, no new exploration guy in management which is badly needed in my view. Why isn't Ian shifting gears, and even started working with that Stargate nonsense guy, unbelievable. Penny wise pound foolish to the extreme? He should know better
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SEDI_bot MONETA PORCUPINE MINES INC. $ME just filed 3 reports. View full report: SEDI:ME
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anonymous hmmm
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@chatyak Gold going down - ME going up
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@chatyak Maybe ME will rally hard when the USD bounces off it's cycle low here shortly
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@EvenPrime Pardon my ignorance but help me with this one. Management basically admits they're/were incompetent and the stock price goes up in response?
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@chatyak Yes
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@Stoneminer I prefer a management that understands and admits their flaws, than one that is ignorant and lack this insight. The management is at least trying to improve and do what is best for shareholders. Also, the stock was very cheap below 20 cents. Anyone know what triggered the increase today?
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@Stargate2 It would be reasonable to state that, given the considerable achievements through current management which were realized at Golden Highway over the years which led to the current gold resource base, that it would be unreasonable to say that incompetency was a component.....
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@Stargate2 Better news is on the way.......
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@MadeOfRubber @EvenPrime Liked your comment. I know its not relevant to $ME, but I worked for a few global publicly traded companies before I started my own gig in '04. It was a common occurrence for a mediocre or poor manager to get a 'promotion' and it frustrated the hell out of us all the time. In this case, without looking at L2/market depth it would be interesting to see who is doing the buying and/or if it's due to gold season starting up or just a bot following last years pattern.
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@EvenPrime Good posts in response. Thank you guys. I do suppose better for them to own up and admit their issues. From an ex shareholder perspective I lost confidence in them around October/November and i believe this response is 5 months too late. I'm a #newbie so dont bash my opinions as I'm still learning but to me this goes into the "bad management" bin as communication is extremely important.
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@EvenPrime I wish everyone the best and it looks like it will do well here in the next bit but moving forward I question how I will not use this company and the outcome since the last private placement as an example and learning tool of things to look out for.
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@newswire Moneta Appoints New Co-CEO and Chief Geologist @newswire/moneta-appoints-new-co-ceo-and-chief-geologist $MPUCF $ME #news/mining #news/gold - $ME appoints Gary O'Connor as Co-CEO & Chief Geologist and Director, subject to standard TSX approval.
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from #newsroom,
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@Stargate2 ESSCO is pleased to announce further Stargate II test partnering undertakings with Noble Mineral Exploration on its 70,000 hectare Project 81 claim holdings in Timmins......Kidd Creek repeat environment detection is the model being pursued........
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@MadeOfRubber @EvenPrime you're right, and I lost confidence in them too but was fine holding an almost 50% unrealized loss until gold season though at times I questioned my sanity =)
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@T $ME @racker
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from #index,
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@CautiousNow Strong geologist-check. Someone new driving the bus-check. New importance on shareholder communications-Don't know, but presumably better. Seems like very positive news. Wait for feedback of others who are more familiar with Mr O'Connor.
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@MadeOfRubber Great news. Good on Ian to try and improve the situation for shareholders (and himself). I bashed him enough so credit where it's due.
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@Vaughan @EvenPrime: making public company management teams get a move on $ME
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from #index,
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@dirkdiggler A new ceo? "such immense joy"!
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SEDI_bot MONETA PORCUPINE MINES INC. $ME just filed 1 reports. View full report: SEDI:ME
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@staffpro mind blowing volume today
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