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Gold/Mining/Energy : Copper Fox
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To: Metacomet who wrote (8945)1/1/2015 12:18:30 PM
From: CanadaGrant  Read Replies (1) of 10654
 
Yes, I'm pretty disappointed in this whole thing and the direction it has taken. Spend 90 million and sell 75% of the project for 24 million after throwing Salazar right out the window. Post a BMO article on the official company website professing negative copper right up until the BFS came out then watch the share price drop by 95 percent and explain nothing to shareholders. Like what are the future plans and where is the money going to come from? And since they sold 75 percent of the Schaft Creek project for about a third of what they spent on it, how are they going to recoup the losses and why did they do it? It looks to me like the only one who came out ahead here is Teck at CUU shareholder expense. My question:
If you are going to sell 75% of your project for a third of what you spent on it, why do it? What advantage was there to that? It's beyond me and if it's just me that is wrong, why is the share price at 15 cents? Then you send a lawyer after your own shareholders because they dare to complain? This is treated like a private company with normal shareholders who invested in good faith left out in the dark. Did anyone from the office ever explain the huge discrepancy between the PFS and the BFS? Which one is right? Who's mistake and how much did it cost? Why advertise negative copper on the official company website for investors to read if it isn't true?
The whole thing could have been avoided with a simple explanation but I guess normal shareholders don't deserve that. Ah well... Maybe this year will be better than the last two.
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