Royal Standard Minerals - WKN: A0BLUE

HAMMERNEWS!!

Royal Standard calls shareholders meeting in May, 2007

Royal Standard Minerals Inc (C:RSM)
Shares Issued 78,248,138
Last Close 10/27/2006 $0.71
Friday October 27 2006 - News Release

Mr. Roland Larsen reports

ROYAL STANDARD MINERALS INC.: SHAREHOLDERS\' MEETING CALLED

Royal Standard Minerals Inc. has received documents purporting to constitute a requisition from a group of shareholders of RSM alleging that they hold more than 10 per cent of the company\'s shares. The documents received requested that a shareholders meeting be called to consider the removal and replacement of the existing board of directors of RSM.

The board of directors of RSM has reviewed these documents with the benefit of outside advice and has serious concerns with respect to whether such documents constitute a valid requisition under the New Brunswick Business Corporations Act.

While reserving all of its rights in this regard, the board of directors of RSM has called a meeting of shareholders in response to the purported requisition received from the dissident group at which the constitution of RSM\'s board of directors will be considered. The meeting will take place on May 29, 2007, in Saint John, N.B. (as required by law absent the approval of all shareholders). The board of directors of RSM (including all of its independent members) has concluded in the exercise of its business judgment that, for a number of reasons, this meeting date is in the best interests of the company.

In reaching this conclusion, the board of directors considered, among other things, the fact that persons apparently associated with the dissident group recently sought the election of a board nominee in advance of the June, 2006, shareholders meeting. Although RSM acceded to this request, the new board member withdrew his name and declined to take the board position after his election, leaving a vacancy of one director, which has since been filled.

RSM today also commenced a legal proceeding in the United States District Court -- Central District of California against the members of the dissident group alleging violations of U.S. securities laws.

© 2006 Canjex Publishing Ltd

Du solltest mal mit Deinem anderen Ich ein ernstes Wörtchen reden. Sieht doch blöd aus, wenn Du hier "good news" schreibst und auf W:O dann kommentierst:

ICH FASSE ES NICHT, WIE SICH DIESER TYP AM LEBEN HALTEN WILL, INDEM ER DINOSAURIER ANHEUERT!?

WAR WOLLIN NICHT AUCH VON EINER PR-KLITSCHE GEKOMMEN BZW. SOLLTE PR MACHEN? JETZT IST ER DIRECTOR!

Ich werde das dumpfe Gefühl nicht los, dass Du in diesem "Info-Thread" die Leute für dumm verkaufen willst. Dazu passt sehr gut, dass Du meine Beiträge für unseriös hältst. Der Kursverlauf läßt vermuten, dass hier etwas ganz anderes unseriös ist.

Der einzige Lichtblick aus meiner Sicht ist, dass RSM weiterhin bei Casey im Portfolio ist. Wie regelmäßig wird das denn upgedated?

Wenigstens sind wir uns darüber einig, dass dies ein Info-Thread ist. Dann kannst Du ja nicht viel dagegen haben, wenn ich Dich korrigiere, falls Du versehentlich eine Fehlinformation posten solltest oder mal wieder übersehen hast, wenn RSM eine neue Hammernews gebracht hat. So wie eben:

Royal Standard thinks hecklers supporting dissidents

2006-11-01 15:13 ET - Street Wire

by Stockwatch Business Reporter

Public relations man Luke Norman is in the news again for speaking his mind. Royal Standard Minerals Inc. believes that Mr. Norman and Timothy Master are supporting a dissident shareholder rebellion. In a statement of claim, the company said the two have been badmouthing management in unseemly fashion. Mr. Norman has denied the allegation but says that, in any case, as a shareholder he has a right to speak his mind.

Mr. Norman was also in the news for speaking his mind at a Vancouver party on Jan. 9, 2005. He and friends were celebrating -- drunkenly, apparently -- his survival of the great Dec. 26, 2004, tsunami, which killed 229,000 people. Later that night, police arrested Mr. Norman for failing to produce identification. First though, a report about the squabble at Royal Standard.

The claim

On Sept. 22, 2006, Royal Standard Minerals named Mr. Norman and Mr. Master as defendants in a statement of claim. The plaintiff, which holds several gold and copper projects, said the two men were once its senior employees. Mr. Norman was a public relations manager and Mr. Master was an exploration geologist. According to Royal Standard, Mr. Master resigned in May, 2006, and Mr. Norman got the boot in August, 2006. Although the court document did not provide any details about the termination, it did emphasize that there was considerable enmity between the defendants and management. Thus, Royal Standard said that Mr. Norman and Mr. Master conspired to injure the business.

According to the plaintiff, Mr. Norman and Mr. Master disseminated misleading information and threatened management. They also allegedly contacted shareholders without permission and solicited their support. The one example Royal Standard offers is an occasion in November, 2005. Without giving any clue about the comments, Royal Standard claimed that Mr. Norman "maliciously spoke words concerning the company." The plaintiff said the words, which Mr. Norman often repeated, were defamatory. Thus, the conspiracy effectively reduced the market value of the company and damaged its reputation. Royal Standard said in September that one possible objective of the conspiracy was to trigger a proxy battle.

In its claim, Royal Standard asked the court for an injunction restraining the two from badmouthing management any further. The plaintiff also sought damages for defamation and breach of fiduciary duty.

The defence

On Oct. 17, 2006, Mr. Norman filed a statement of defence. In it he denied making any defamatory statements against Royal Standard or its management. He also denied acting in any way that would injure the company, citing the fact that he himself is a shareholder. Mr. Norman similarly denied attempting to trigger a proxy battle. He noted that he is not even on the dissident slate of directors.

As a second line of defence, Mr. Norman said that he was simply never an employee of Royal Standard. He claimed that he was an independent consultant who performed contract work for the company. As such, there was never an employment agreement forbidding him from doing anything. Mr. Norman stated that, as a shareholder of Royal Standard, he had the right to make comments about its management.

Mr. Norman wraps up his statement of defence by denying that he defamed or slandered Royal Standard.

Adam Brosgall of the law firm Palkowski & Co. filed the statement of claim for Royal Standard in the Supreme Court of British Columbia. Nick Kambas of Kambas Galbraith, Barristers & Solicitors, filed the statement of defence for Mr. Norman. As of Oct. 27, Mr. Master had not yet filed a statement of defence. None of the allegations have been proven in court.

In response to a recent petition from dissident shareholders, Royal Standard has called a meeting for May 29, 2007.

Speaking out

As readers of The Vancouver Sun might recall, Mr. Norman, then a junior employee of Canaccord Investment Corp. was featured in a Jan. 11, 2005, tsunami story. After surviving the tsunami in Thailand, he attended a "thank God we\'re alive" party at his West End apartment building. Late that night, police received several complaints about snowballs flying off the 12th-floor balcony. Two officers went to investigate the source of the snowballs, which is how they met Mr. Norman. According to him, as he told The Sun, he was merely picking up a can of beer lying on the floor in the apartment hallway when the police arrived. Rather than crediting him with tidying up, he says they accused him of having an open vessel of alcohol in a public place. When he was unable to produce identification, they allegedly slammed his head against a wall, knocked him to the ground, kicked him, handcuffed him and took him off to the hoosgow for the night. According to constable Anne Drennan, police found Mr. Norman "intoxicated, belligerent and aggressive." Police released him the next morning and did not charge him with any offence.

Speaking one\'s mind can have its problems.

Irgendwie scheint der Baron mit dem Posten der Hammernews nicht mehr hinterherzukommen. Dabei ist ihm das Goldseiten-Forum doch so wichtig.

Press Release Source: Royal Standard Minerals Inc.

Royal Standard Minerals Announces Goldwedge Progress Update
Wednesday November 8, 11:13 am ET

MANHATTAN, NEVADA--(CCNMatthews - Nov. 8, 2006) - Royal Standard Minerals Inc. ("Royal Standard") (TSX VENTURE:RSM - News; OTCBB:RYSMF - News), which has 100% interests in eight advanced and exploration-stage projects in four districts in Nevada; is pleased to announce a progress update on the Goldwedge project located at Round Mountain in Manhattan.
ADVERTISEMENT

Roland M. Larsen, President and CEO of Royal Standard comments: "We believe these zones may be developed into an area that represents the upper most, near surface portion of the gold system. Current plans are to develop this area and continue to advance the main decline. The Company core drill is currently drilling this zone between the A crosscut and the B decline. Plans also include adding a second contract core drill in late November 2006." Prior news releases that address the gold grades and thicknesses within the area currently under development include the following: November 19 & 29, 2004; July 11 & 27, 2005; and March 20, 2006 (http://www.royal-standard.com).

Presently the primary spiral decline at Goldwedge is below the water table; therefore, there is a presence of water ( less than 20gpm) that has slowed the advancement of the decline. Royal Standard has implemented a grouting program to control the water and is securing the necessary permits from the Nevada Department of Environmental Protection ("NDEP") that will allow for additional water storage and disposal on the surface as part of an underground water-pumping program to compliment the grouting program.

During Royal Standard\'s third quarter, mining and delivering gold mineralized material to the gravity plant has been occurring. The rate of gold concentrate produced has been affected by several variables including head grade and product through put (tons per day), equipment modifications, and water balancing issues within the plant. A stockpile of more than 70,000 tons of lower grade material has already been recovered during decline development and is being delivered to the plant as part of the testing process of the plant\'s recovery system. This material will be crushed and transported to the leach pad. To-date Royal Standard has been processing low grade (0.03-0.05 opt., 1-1.6 gpt) feed to tune up the plant and to optimize plant efficiency (gold recovery). At the current head grade of 0.03-0.05 opt the rate of gold concentrate production may range from 10-20 ounces (300-600 ounces dore/month) of gross production per day, at our current feed grade and a production rate of 500 tons per day at an initial 70% estimated recovery. Presently the plant\'s best operating day has been 350 tons per day. This rate has not been sustainable from day-to-day due to mechanical issues that have either been corrected or are presently being addressed.

A parameter that contributes to production of ounces per day from Royal Standard\'s plant is head grade. The initial production rate target is to produce 50 ounces per day (1,500 ounces dore/month). This can be achieved by either increasing head grade at a production rate of 100-150 tons per day, a head grade of 0.4+ opt or with a throughput of 500 tons per day at a head grade of 0.1 opt gold head grade (assuming 100% recovery in each case) will achieve approximately 50 ounces per day of production. The intent is to improve the head grade slightly by blending some of the higher grade material with the lower grade stockpile and feed this material through the plant during the next 60 days. This objective will go hand in hand with a detailed sampling program to measure recovery rate at each phase of the plant before going to higher grade stockpiled material.

Royal Standard has proven that the current system can produce a high quality gold concentrate from the lower head grade feed material according to daily sampling results of head grades and table concentrate assay results by the in-house assay laboratory. Check assays for a portion of the assayed concentrates will be sent to Auric Metallurgical Laboratories in Salt Lake City, Utah. An update will be forthcoming when assay results are available. Relevant concerns towards achieving maximum gold recoveries within the plant with both the primary and secondary recovery circuits will also be addressed. Corrective measures will test for potential gold product loss areas identified through a careful sampling program of all product points inside and outside the plant.

About Royal Standard Minerals Inc.

Royal Standard Minerals Inc. is a precious metals exploration and property development company based in Reno, Nevada with 100% interest in eight advanced exploration-stage projects in Nevada. Present focus is on the following four properties: Goldwedge (Round Mountain, Manhattan), Railroad-Pinon (Carlin Trend), Fondaway Canyon and Como.

The Canadian Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.

Royal Standard Minerals cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.

C.U.S.I.P. # 780919106 LISTED: STANDARD & POORS

Contact:
Roland Larsen
Royal Standard Minerals Inc.
President & CEO
775-487-2454
775-487-2460 (FAX)
http://www.royal-standard.com

Tracy Weslosky or Fred Cowans
pro-edge consultants inc.
Managing Partners
416-581-0177 or Toll-Free 1-866-544-9622
info@pro-edge.com
http://www.pro-edge.com

--------------------------------------------------------------------------------
Source: Royal Standard Minerals Inc.

Auf W:O gibt es vom Baron auch einen vielsagenden Kommentar:

Das mir RUN uns RSM habe ich insgeheim erwartet und wollte es nicht sehen. Eingeständnis Ende.

(Erklärung: RUN dümpelt schon länger bei 0,6 CAD herum und notierte gestern erstmals höher als RSM)

WOW, Horstwalter hat ihn hochbekommen! Das ist die beste Nachricht in diesem Thread seit langem

Bin mal gespannt, ob der Gold_Baron ihn auch hochbekommt. Den Kurs der Aktie meine ich. Seitdem er sich auf das Posten von Fakten beschränkt, hat RSM leichte Performanceprobleme und charttechnisch sieht es richtig übel aus.

Der Kampf Larsen vs. Dissidents ist spannend. Fragt sich nur, ob man mit im Ring stehen und als Punchingball dienen muss oder ob es bis Mai 2007 auf der Zuschauertribüne nicht angenehmer ist. Meine anfänglichen Bedenken waren jedenfalls sehr berechtigt.

Goldbaron

Zitat von Dir:

Der "Dreck" von dem du sprichst ist bereits seit 3 Monaten bzw. 6 Monaten aus der Firma entfernt wurden!
Bitte informiere Dich bevor du Behauptungen aufstellst.

-----------------------------------------------------------------------
Nun willst du ein neues Management....

Entaeuschend die Performance von RSM.
Als ich die kritisierte sprangst du mir an den Kragen, nun das Ergebnis.
Ein scheiss Managment und die Leute die sie verklagen wollen haben doch irgendwie Recht.

Ich lege sie zu den Depotleichen und kaufe nichts mehr nach bis sie ihren Dreck im Stall augeraeumt haben.

Really Shit Management (RSM)

Gruss

Eldo

"Nun willst du ein neues Management.... "

Eldorado
Vorsicht mit Kritik am Baron! Denn erstens gilt sein Satz vom 30.10.:

"Wer mich bei Goldseiten kennt schätzt mich für meine Kommentare."

Und zweitens kannst Du anhand seiner Äußerungen mir gegenüber und auf W:O sehen, was der mit Leuten macht, die ihn nicht schätzen

Keiner freut sich, wenn er Geld verliert und eine Situation falsch beurteilt hat. Gehört an der Börse aber dazu und man sollte die innere Größe haben um Fehler zuzugeben.

Erinnere mich dran, wenn mein Papiersilber wertlos wird

T-Trinker

Ich habe keinen Klintsch/Tension mit Gold Baron , warum sollten wir einen haben

Er hat RSM und ich habe sie, beide sind entaeuscht wie der Kurs nun steht.

Es ist ja keine Kritik an Gold Baron die ist fuer das Management.

Zeige mir einen hier der keine Nieten hin und wieder zieht.

Ich bin zu 0.12% in RSM investiert, mich regt das nicht so auf.

Man darf nie mehr als 5% auf eine Aktie oder auf Futures legen.

Ist ja verstaendlich das man sich aergert wenn man verliert, aber wer weiss vielleicht kommt die Sonne wieder raus.

Was bei W/O und bei der Silberinfo diskutiert wird weiss ich nicht da ich dort so gut wie nie reinschaue.

Think positive... und nur nicht streiten hier !

Das hilft dem Kurs auch nicht....

Gnight

XEX

So und jetzt wurde alles gesagt, bitte zurueck zum Thema:

RSM..... wie gehts weiter...

Zitat

Versuch es doch einfach mal mit fundamental begründeter Kritik ohne MICH gleich dumm anzumachen. So kommt man eher weiter, als jemand der von einer Firma überzeugt ist, zu diffamieren.

Genau das habe ich hier getan. Ich fand die Firma aufgrund der Projekte interessant und stellte ein paar Fragen, da die Story für mich nicht "rund" war. Dass ich mit meinem Misstrauen völlig richtig lag, konnte ich da auch noch nicht wissen.

"Dumm angemacht" habe ich Dich, weil Du Dich zunächst Deiner intimen Kenntnisse des Managements gerühmt hast, obwohl dem ganz offensichtlich nicht so war.

Zitat

Das ich und viele Großaktionäre (PP im April mit 15 Milliönchen) von Larsen ins Licht geführt wurden

Kann natürlich auch sein, dass Deutsch nicht Deine Muttersprache ist und es deswegen zu Missverständnissen kommt. Vielleicht solltest Du das mal klarstellen, anstatt mich dumm anzumachen. Mir wäre es jedenfalls unendlich peinlich, wenn ich mich für einen Wert so ins Zeug geworfen hätte und auch nach kritischen Hinweisen nicht erkannt hätte, dass der Zug in die falsche Richtung fährt.

Da ich hier ein Musterdepot führe, kann man sehen, dass ich mit Pacific Gold und Slam Exploration auch zwei Aktien erwischt habe, die die Erwartungen nicht erfüllen. Ich würde aber nie versuchen, diese Werte zu pushen, um meinen Einstandskurs wiederzusehen. Ist ne Einstellungssache, aber ich äußere mich nur dann positiv zu Werten, wenn meine ursprüngliche Erwartung auch von der Entwicklung des Unternehmens UND des Börsenkurses bestätigt wird.

Zitat

.....T-Trinker nehme ich nicht ernst, da es keinen Grund gibt warum eine Person sich die Mühe macht eine andere darauf hinzuweisen, dass die Firma in der sie/er investiert ist nicht gut ist. Punkt.

Das ist Deine Meinung. Ich habe eine andere.