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Correspondence from the President of OAU

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 By Michael Miller

09/16/2020  3:59PM

Dear Shareholders,

The 109th Shareholder Annual Meeting held today was called to order at 9:30am. Last year’s minutes were discussed. Chris Smith motioned for its acceptance. Motion passed. Quorum was present. President Miller presented the current directors names for reelection, seconded by shareholder Clark. No other names were presented. Motion passed.

Events during the past year were discussed, guided by the background of histories in the Annual Report. The Annual Report is now available on original16to1.com in both high and low resolution. Click on Newsletter.

During the question and answer period President Miller mentioned that shareholders suggested adding the word “GOLD” to our name. It could bring more notice to internet searchers looking for gold. The idea has merit. No one in attendance wanted to relinquish our “Original Sixteen to One Mine, Inc.” historic name.

Miller raises a topic for discussion: How Gold Dreamers get involved financially with us? Stock with warrants, sophisticated partnerships and forward gold sales were identified as financial incentives plus numerous non-financial points. The group was familiar with 2018, Federal legislation “Opportunity Zone Development”. This became the preferred inducement. It has the highest returns for both parties and is the most secured.

A question to Miller was: How will you find qualified people or how will they find you? ANSWER: Shareholders with an idea were given copies of the 2019 Annual Report to show people they knew who were financially capable and interested in a gold opportunity. Miller said he printed extra copies and is preparing a list of people or businesses with an invitation to come to the mine. The meeting adjourned at 10:43am.

For shareholders that passed on driving to beautiful Alleghany, we miss you. This was the best way to proceed. I thank you for your loyalty, interest and well wishes. Consider participating with questions, comments or profound statements on both of our websites. I read them, participate and enjoy the time. The world is in a dramatic bull market. Our efforts are moving in the right direction for solid returns to you and me as shareholders.

If you are reading this and are not a shareholder, check Schwab.com with our symbol: OSTO Last sale was a paltry $0.25 a share. If you benefit with money to replace your shares, make a market and set your sell price. Better yet, spread the word with people qualified to exchange their dollars for gold.
Respectfully submitted
 By Michael Miller

07/25/2020  2:48PM

To Charlie Brown,

Minutes ago the phone rang. It was Debbie, Lee Erdahl’s daughter. Lee died last May. Our conversation ended with tears forming in my eyes, remembering Lee and many great times. Lee was one special mentor. His pace was calm and deliberate. He knew the challenges inherent in precious metal deposits. His comments and support of our venture stay with me today.

I told Debbie about Lee’s fellow directors, all professionals of the highest caliber. They led us along a path of experiences required for professionals in mining.

I mentioned that Charlie Brown asked me about Lee a week ago. Debbie replied how wonderful this made her feel. She sent me an email, closing with this: “My dad thought very highly of you and the mine and it’s obvious that respect was reciprocated.”
Mike
 By Michael Miller

04/08/2020  11:51AM

MSHA Western District Office
James Peck, District Manager
991 Nut Tree Road
Vacaville, CA 95687


Dear James Peck,

Please take notice that the Sixteen to One mine operation is suspended. Last date of employment was March 13, 2020. We recognize the positions stated and sought by President Trump with his administration and Governor Newsom with his administration. We support them. It is impossible for our crew to maintain the distance between each other and perform as a miner. We join the soldiers who fight to beat this enemy.

I am impressed with my fellow Californians’ behavior in public in our region. I am very proud of my fellow Californians’ approach to this life threatening virus. The danger potential seems to change daily; however our crew will wait it out and win this war. We realize the battle may last until June.

A hard copy of this letter will be posted to the district office today as well as this email to you.

Regards to all MSHA employees. Our crew wants your crew to be as safe and careful as we pledged to be during this war.

Michael M. Miller
April 8, 2020
Cc: Troy Van Wey (field manager)

...

 

  
 
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