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Gold/Mining/Energy : Copper Fox
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To: Hog Head who wrote (10019)4/3/2016 9:18:19 PM
From: mudguy  Read Replies (1) of 10654
 
All good points. I'm not sure the promotional aspect will ever disappear. You have to get investors attention and the Venture is a place where companies are clamoring for capital.

I do think that one fundamental issue with CUU is the CEO and QP roles are the same person. That is fine for a $10M penny, but this was a over $1B market cap at one point and going to feasibility. The two roles are very different in my mind, and blurring them was a mistake. The QP is a technical role and to be credible you need to get it right. I think that some of the issues here were because the promotional aspects drove, in part, some of the technical decisions. The drilling campaigns are one example of this in my mind. A strong board would ask tough questions and perhaps rein in this natural tendency to blur roles, but I have no sense of how strong this board is. EE is likely token as the majority shareholder and many of the others have left over the years.

There also were so many issues with the CUU public releases that it spoke to either a lack of care or the competing and very different roles that one person had to hold (part time, I might add, while holding similar roles in at least one other company). I have rarely seen so many corrections and mistakes in handling public releases. Even the way the conference was hastily arranged after the BFS was released in the days before Christmas. It is astounding how it was handled.

Not a recipe for success. Once you stopped listening to the pump, all of this became crystal clear. The sell button was the obvious next step. Much of what I have learned since has made it clear that selling was the right decision for me.
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