It is said that the really serious participants in an activity or discipline become so caught up in their endeavors that they are able to think of nothing else 24 hours per day. The condition applies to all walks of life, even, apparently, mining promoters.
According to west-coast reports, Murray Pezim, who has probably won, and lost, more money than most people will earn in several lifetimes, decided to deal for a quarterback for the professional football team he owns by throwing some mining stock into the deal.
All very proper, except that the transaction between Pezim’s B.C. Lions and the Calgary Stampeders took some 10-14 days to be finalized and during that period the value of the shares of Golden Ring Resources, one of Pezim’s juniors that is exploring for gold on the Caribbean island of Jamaica, dived from more than $1 to penny-stock status.
Pezim and the Calgary team owner met with the league commissioner and were reported to have resolved the dispute. No details were released. Did Pezim take back the Golden Ring shares and hand over an equivalent amount of cash? Was the Calgary owner persuaded to give up the Golden Ring shares in exchange for stock in another promising Pezim junior? Does the deal stand and will both team bosses eventually reap the rewards of a gold mining project and a comfortable place to spend a couple of weeks vacation during our winter months?
Once a promoter, always a promoter.
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