children of an idle brain

Positive momentum, Scorpio Mining (SPM.to) edition

Here’s today’s NR from Scorpio Mining (SPM.to), which tells of how dissenting shareholder Tocqueville has decided not to go medieval on the company directors’ butts after all. Here’s an extract:

“We are pleased to see Tocqueville stand down from its attempt to take control of the Company’s Board at our annual meeting,” said Ewan D. Mason, Chairman of the Company. “However, we cannot ignore Tocqueville’s disruptive actions and we call on all of our shareholders to show their support for the positive momentum at the Company and vote in favour of our director nominees at the annual meeting.”

Positive momentum, you say?

Wow, you guys live firmly and squarely in that little dream world of junior miner management. And while here I’ll freely admit that once upon a time I seriously considered buying this stock, as I thought it could turn into a takeover target. Another bullet missed.

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