I don't know why people think that we need directors who have...

I don't know why people think that we need directors who have very good skills in marketing of new issued ELM shares!

I am asking this question expecially to the big shareholders. I believe they are in very good faith and waiting for their shares to touch to $8 like me. However I don't believe that it would happen if we don't actively involve in the management of the company.

That marketing job even could be done by hiring some marketing professionals in the stock market industry, when needed.
Why do we need to give the control of the company to those marketing professionals then?

Those type of marketing directors are NOT actually adding value to our shares when they market our shares at lower than market price!

But they dilute our shares
Then, they also want the control of the company.

That is a very big problem.

The directors should add value to the company by creating new potential values. Then directors should market the potential value of the company, but not the existing value of the company to those investment companies. This is the point.

Look at the Uramin's history, the graphic on my recent post. It shows how the current shareholders shares were diluted by 52m shares issues, hence they received $7.75 per share on the takeover, instead of $11 per share.

What's the point of giving this simple job to "highly respected marketing professionals" and paying them huge money by shares and options. That is not enough for them either. They also want to control of the company.

At the other hand, we all know Sprott, Haywood, Wellington, etc. Their radar is always on looking for companies with huge potentials like ELM. Even I can go and talk to Sprott or others for marketing of ELM's potential!
I was already doing this marketing job (based on facts) on HC for a long time in my own scale.

As a simple point, if our director guys are so keen to promote the company to new investors for making new fund raisings, why don't they make a proper web site for ELM then? The current web site is very poor, unprofessional. (see Allan Potash and STB's web sites, they have very good web sites). They don't have any good marketing material other than giving the JORC resources size and grades on one piece of paper on their road shows!

In ELM's case we have only drilled for exploration so far. We needed a good managing director and geologist like Macpherson and Sanders. I believe those guys are the right people for the job, however I also believe that they have lost control of themselves and asking for huge shares and options. That is not good for their future reputation.

Because I do believe that ELM will be taken over at one stage as I said before, it will not be able to develop this mine.

As you may know, according to my earlier analysis, while the world is in food crises, the potash prices are still climbing, the major miners and existing potash producers are all looking for quality new potash assets, a TAKEOVER for ELM's world class JORC compliant potash asset should be in the radar of Majors! No major mining company, Chinese or Indian potash interested parties are stupid or blind for not seeing ELM's world class resource. We even don't need to make a huge marketing campaign for ELM.

Everybody should be aware of this as the directors are very much aware of it.

Those takeover punters will try to take their chances sooner than later because of the potash market conditions. Then what would be the point of issuing 30m more shares to dilute our own shares?

As radioactive said ebfore if resolution 6 is passed then that ratifies the previous share placement done last year. That means the company will be able to issue up to another 24 million shares (being 15% of the issued capital). 24 million shares at $2 is $48 million which is enough for more than a year. If an institution wants more, they can buy on market.

That means that we can raise enough money by right issues for exploration and feasibility in 2011 and 2012! That is so simple.

Why think about financing for mine development in 2013 and dilute our shares now then? Let's not make it looking very complex and hard ! .

All we need is the directors who have strategic business management skills.

We really need strategists who will make the strategy which needs to start with stakeholders expectations and includes all stakeholders, not only the directors' interests.