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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company focused on exploration of gold and copper. The Company is focused primarily on its 100% owned Rovina Valley Project (RVP) located in west-central Romania. The Company operates through the development of its Romanian mining permit segment. The Rovina Valley Project consists of three copper-gold porphyry systems, such as Rovina, Colnic and Ciresata. The Company’s wholly owned subsidiaries include SAMAX Romania Limited and SAMAX Romania S.R.L.


TSX:ESM - Post by User

Bullboard Posts
Comment by foundrymanon Jan 25, 2018 5:59pm
148 Views
Post# 27436200

RE:RE:RE:RE:Something, not sure what isn't right.

RE:RE:RE:RE:Something, not sure what isn't right.I agree with the non-tolerance towards those folks who present a counter/negative narrative. Is it overdone in some instance, sure, but to keep call everyone who has concerns regarding the ratification a "basher" is hardly productive. It inevitably leads to name-calling and hysteria, all of which I would argue don't help inform those who want to keep up on the name.

Full disclosure, I own a small stake in ESM and a much larger one in SMC. The latter has a large position in ESM, and stands to benefit from the ratification. Going into the holidays before the recent political turmoil, I was certain ratification was imminent. I would say based on the information we've gotten to date, it is still more likely the permits will be ratified rather than the process restarted. That being said, recent events leading to delays would not surprise me in the slightest.

People can say what they want about F&M, but I can assure you they've done everything possible on their end to get this process done ASAP. But like Scott has said repeatedly, its Romania. So to pretend like unforeseen things can't happen is disingenuous. I don't blame anyone for selling their shares at $1.30, there is a possibility this gets dragged out longer than anyone hopes.

When it comes to a lack of a update, I would bet that the reason they haven't updated shareholders is because they haven't received news from NAMR that anything has changed. If/when that happens, you can be certain they will report it. Management is legitimate, and is doing the best they can given the information they have.

Just my two cents...
Bullboard Posts