What local leaders own Emgold stock?

I’m increasingly wondering how many of our community leaders who support reopening the Idaho-Maryland mine – government, civic or major business advocates – own stock in parent company Emgold?

They obviously would personally benefit if the mine were to win approval to reopen.

As a journalist, I certainly would disclose that. (Most news organizations *require* that if you write about them). Others should too, no matter what their occupation.

Likewise, I suppose, I’d like to hear from mine opponents who are “shorting” the stock – that is, betting it will go down. (A less likely group of people, but who knows?)

I raise this because I’ve been *astounded* at the “conflicts of interest” that routinely go on around here but are not fully disclosed – something I’ve written about before. Living in a “small town” is not an excuse.

Raising the bar on professionalism is a big step toward attracting more professionals to our area.

BTW, I don’t own any Emgold shares. I’m also still on the fence about reopening the mine. It’s much too early in the process to take sides.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for 12 years, and he was a founding editor and Editor of CNET News for eight years, among other positions. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing, swimming, and trout fishing in the Sierra.

5 thoughts on “What local leaders own Emgold stock?”

  1. ” … I’d like to hear from mine opponents who are “shorting” the stock – that is, betting it will go down. (A less likely group of people, but who knows?)”

    Speaking as a mine opponent myself, I hadn’t thought of this. I could stand to make some serious pennies! (The dollars lie in the other direction).

    “It’s much too early in the process to take sides.”

    Jeff, I respect your determination to stay open-minded on this issue. As a journalist, you are disciplined to do that.

    But — not being a journalist myself — and based on what I’ve found out so far concerning the plethora of incontrovertible, non-mitigable and speciously mitigable downside environmental harms to air, water, traffic and so on, that are sure to result from re-opening the Idaho-Maryland mine, over against the single and extremely dubious benefit of 100 to 400 mine jobs, I’ve definitely taken the side against it. In fact, on the air issue alone, in a county already rated among the top-ten worst in the nation, this opposition is more than justified as well as timely (if not overdue).

    I can only imagine changing to the other side if by some extraordinary and improbable new set of dozens of simultaneous developments, all of these environmental objections could be eliminated at once.

    I would rate the probability of this happy development right up there with the probability we could travel back into the past and get our then teenage son to clean up his room after all, which would definitely be a rip in the fabric of spacetime.

  2. It’s tough to short a penny stock, especially an OTC stock. Not impossible, but the delay with puts and calls can strangle your short.

  3. Thanks for commenting Anna.
    You could only verify if they had a very significant amount, through required regulatory filings. I was hoping one of the community leaders would step up and volunteer, in the interest of transparency. If it were me, I’d disclose this in my writings.

  4. Do they have pretty stock certificates? Those might be worth something some day. What on earth do you have to pay in commissions, and what’s the minimum you can buy?

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