Monday, December 23, 2013

Does Nolan Watson actually do any due diligence?

IKN - Colossus Minerals mysteriously loses their gold after the mine is built. Apparently, once you let real geological consultants like Roscoe Postle look at the property, their gold disappears.

And in subsequent email Otto & I chatted about how stupid this makes Sandstorm Gold look.

Hey, Nolan! Smarty-pants! Um, did you bother to do any due diligence on this property? Y'know, before you handed them a pile of shareholder money to build a mine that it turns out they didn't even know how to dewater?

I used to think you were smart, kid. Now I know you were just lucky. And now the luck's run out.

1 comment:

  1. I guess the saying a gold mine is a hole in the ground with a liar next to it is really true.