Post by
cyanide5 on Jan 14, 2021 7:22pm
Another 25 Million financing
CEO needs to go.. its as simple as that. in 2018/2019 he was harping no more dilution when he did the reverse split..
3 financings that i can recall that have been done apart from the Sandstrorm financing to put Relief in construction. Almost 100 Million raised and 30 Million plus shares issued...
what a blast.... horrible management... horrible horrible.
again no wonder people stay away from miners.. 99% of mgmt teams are in it for themselves.
Please look into the mirror and reflect on these facts!
Comment by
Jonny2fingers on Jan 14, 2021 7:45pm
Sell your shares if you have any. Simple.
Comment by
cyanide5 on Jan 14, 2021 8:11pm
Trust me I have been gradually in high 4's. will be doing more selling but waiting for a better exit.
Comment by
cyanide5 on Jan 14, 2021 8:12pm
and I'll be first to admit that this was my biggest position at one point in time and I was super confident of management. I have lost faith due to mgmts over confidence and under deliverance for 2 years now.
Comment by
Beluga2020 on Jan 14, 2021 8:48pm
Wasn't Darren recently flapping his gums about his ability to obtain short term financing from his "friends" IF needed? This level of incompetence mixed with lies is outrageous.
Comment by
stockwrestler on Jan 15, 2021 12:22am
So...we close at $3.31 tomorrow? Gonna buy more...? glta
Comment by
Beluga2020 on Jan 15, 2021 12:15pm
I would wait until the inevitable upcoming bad news on Cosala before buying more. I guess $25M was not enough? Let's destroy shareholder value some more. How about they use some of the financing to pay off the cartel/mob or whatever and get on with mining some silver.