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Bullboard - Stock Discussion Forum Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based emerging copper development company. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. Canariaco comprises 97 square kilometers (km2) of highly prospective land located 150 kilometers (km) northeast of the City of Chiclayo, Peru, which include the Canariaco Norte deposit, Canariaco Sur deposit and Quebrada... see more

TSX:ATCU - Post Discussion

Alta Copper Corp > New Directors
View:
Post by horsewithnoname on Jul 05, 2024 3:04am

New Directors

Personnally, I think Fortescue is using the withholding of votes more as an operational control on the future technical developments rather than as take over coup. There are too many complications on the road and what Fortescue will like the least is to piss off 69% percent of the shareholders constituting 100% of the votes needed to get a take over. I think it is more like in 2022 to push for a strategic focus on developing Canariaco Norte as future mine rather than to dingle-dangle around with a little drilling here and there, some coffee bean promotions in Canada or hiring some friendly locals to watch the drills turning, or to do another PEA or PFS with a new mine plan. 
We have some good and we need now the expertise to develop what we have - we do not need retired ministers, retired ....- we need people who know how the world functions here and today - so Fortescue please give us this good people, otherwise we just continue to sit and wait and feel good about our copper in the ground like Donald Duck, except that we can not access it.
Comment by ForesstGump on Jul 05, 2024 6:28am
I'd love for them to take control and start the project, as long as the price is right.
Comment by Buffet11 on Jul 05, 2024 2:44pm
That is the issue I see with giving them even more control. They will only control the share price the same way they already do with 39%. We also eliminate any interest of third parties. Why would we hand them all the aces right before we have the drill permit at hand? A rising copper price and the drill permits might just start catapulting us into a higher valuation and Fortescue knows that they ...more  
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