IKN

a plague o both your houses

Dunnedin Ventures (DVI.v) never gets mentioned on CEO.ca

This is one reason:




This is the other, from October 2016.

“Chris Taylor’s Dunnedin Ventures Inc.
(DVI), down one-half cent to 4.5 cents on 220,000 shares, is facing a
dissident shareholder and a threatened proxy fight. The company’s former
special adviser, Allan Barry Laboucan, says he was “pushed out of
Dunnedin” but plans a return. Mr. Laboucan is best known as an “editor,
writer and show host” with Allan Barry Reports, his on-line tout site. A
year ago Mr. Taylor, Dunnedin’s president and chief executive officer,
appointed him as a special adviser. Appointments are usually gushy
affairs, and Mr. Taylor lauded his new adviser as “one of the most
well-rounded diamond industry experts in Canada.” He did not back up the
claim, limiting his description of Mr. Laboucan’s experience to his
frequent guest appearances on business television programs seeking his
opinions on resource companies and market trends, his role as “chief
market commentator” with Agoracom.com, as well as his work with Allan
Barry Reports.

Mr. Laboucan is certainly not returning the puffery. He now says
in an Allan Barry Reports blog entry that Mr. Taylor “had little
experience in diamonds” when Dunnedin began working its Kahuna diamond
project in Nunavut last year, adding that “he is unfit to lead the
company any longer.” Mr. Laboucan says he made his “concerns about the
board and the leadership” of Dunnedin known to the company’s board of
directors, after which they “chose effectively to dismiss me.” That
hardly seems a surprise, since Mr. Laboucan says he wants to change the
board of directors, appoint himself president and CEO, and bring in a
new team experienced in diamonds and with skills complementary to his
own. He then delivers a final insult to Mr. Taylor’s crew, saying he
feels Dunnedin’s efforts were “more about the board of directors trying
to build a stock promotion than a diamond mining company,” adding that
he believes the “science of what we have discovered shows we have a
world-class diamond project.”

Presumably he means the science of what Shear Diamonds Ltd.
discovered in the mid-2000s as that now defunct company was responsible
for the discovery of the narrow but rich Kahuna, Notch and PST
kimberlite dikes. Shear never completed a resource estimate based on its
work but Dunnedin did, declaring a 3.1-million-tonne inferred resource
at Kahuna, averaging 1.04 carats per tonne, with another 921,000 tonnes
inferred at Notch, averaging 0.90 carat per tonne. (PST, the smallest
and richest of the tree dikes at 2.18 carats per tonne, does not have a
resource estimate as yet.) Ultimately, whoever holds control of Dunnedin
next year will have to raise several million dollars to advance Kahuna
in a meaningful way since a lot of drilling and bulk sampling will be
needed to prove or kill the project.”

Allan Barry (who is not a geologist nor an engineer nor a qualified financial analyst, but sure likes to pretend to be all three for his audience of neophyte innocents) is so keen on hunting out bullshit stock promoters? He should look in a mirror.

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