To: CantwaitforPEA who wrote (1735 ) 3/14/2016 4:48:48 PM From: Shoto 6 RecommendationsRecommended By Danforth Durango Slim GrumpyGus hoperrs klondikekid and 1 more member
Read Replies (1) | Respond to of 1871 Can'twaitforPEA, thank you for your concern, But CCB has the poison pill thing in place already. They aren't vulnerable. There's a lot of nearly open warfare going on on the boards, and it does no good, and I think everyone can agree it is non- productive. This PEA - PFS stage is critically important in the life of a mine (for all miners)....but almost all from an internal standpoint.(Company shift from conceptual to a more accurate engineering/logistical stage). The need for funding is a separate matter, but really, CCB's last pp was all institutional and at a premium to the stock price, so everyone involved is happy that way. In March 2015 they got $835k from warrants exercised and $560k previous to that at .28 including 1/2 a warrant, so it's all good. Apparently Institutions are receptive. Tetratech does a lot of PEAs and knows what they are doing, despite some poster's opinions, who think they know far more. Everything was thoroughly vetted before publishing, as engineering firms live or die by the quality of their work. The PFS is already slightly over half completed, and the present PEA will be superseded by that. Currently the timeline estimate is 6 months. I consider that amazing progress, and wonder how anyone "pumping" would help. I have no interest in CCB's share price until the PFS is published. My holding in CCB was established long ago and is separate from my trading account, so its all good. Good luck with your Zen, I hope that somehow their problems have equitable solutions. Shoto