I haven't seen the Stewart Jackson report on Peter George's report, and I'm not really interested. If he pans the non-compliant BGM report, so what? It's already been dismissed as "hilarious" and is supposedly under review and revision by various BGM consultants. If The Jackson report embraces George's figures...no matter, the paper is CTO'd and there's supposedly a compliant report coming out some time.


Kjeld Thygesen is a London-based investment manager/director and corporate director (he was a director of Ivanhoe Mines for over a decade, and ditto for Turquoise Hill). Presumably he would know Seager Harbour, as Thygesen is/was with NM Rothschild, James Capel, Newland, Resources Limited, Lion Resource, Arlington, etc.


Harbour is involved in many private, non-public corporate entities. As such, there are no lists of directors, etc other than family members. If his lawyers have added City Securites Ltd and Harbour Foundation as petioners, then I guess it's because they either purchased shares in BGM private placements or else they provided money to Harbour so that he could purchase shares. Because of BCSC privacy and information restrictions, private placee participants are not broken out on PP financings unless they're pro participants or insiders.


From what I've seen of S Harbour's forays into publicly traded companies, he seems to have definate expectations of how he expects his investments to perform and he's seemingly not relectant to "offer" input and exceptionally well-qualified nominees for board positions.


IMO, there are terrible times for well-managed, well-financed juniors (see Rubicon as an example). If the junior isn't well-managed or -financed...look out below.


IMO, D & D, having put about $30-million of their clients' money , really has to protect their clients' and their employees' money (that $30 million, because it's CTO'd due to a non-compliant, supposedly compliant report, is dead money for both clients and employees, because there's no opportunity for it to move in the market...it's dead..no profirs, no fees...dead).


The handling of the Maudore board shake-up was, IMO, masterful and diplimatic. The dissident slate was accepted by retail and institutional investors; investors and the incumbent directors were kept informed of ongoing matters and, in the latest financials, it seems that the ousted CEO was welcomed back in as a consultant (and he salvaged his options)

From Maudore's latest financials:

15.1 Transaction with Key Management Personnel (continued)

During the reporting period ended September 30, 2012, key management personnel exercised share options for a total

exercise price of $376,000 ($660,200 in 2011), granted in the share-based payment plans.

On July 19, 2012, the Company has signed an agreement relating to a retiring allowance payable to the former Chief

Executive Officer of the Company for an amount of $180,000 payable in monthly instalments of $10,000. Pursuant to this agreement, the former Chief Executive Officer was retained as a consultant to the Company and preserved his options to purchase common shares of the Company previously granted to him.