Post by
Galvanizer on Aug 16, 2022 11:08am
Management is missing (has been for years...)
Market Value CAD$ 25 M
Book Value USD$ 193 M as prepared by management!!! Can you rely on any management representations? Where are they now... packing their bags?
Why did all this bad news come all at once?
> Did management not know about Caribou's operating and financial difficulties earlier than yesterday?
> The Rapid Oxidative Leach opportunity is no longer... it did not work... did management not know this earlier than yesterday?
> There have been no material updates on Perkoa since April 2022 but was management not aware what to do?
> Management continued to spend cash on preliminary works at RP but now cannot make a $7.5M debt repayment.... who is minding the store?
The currrent debt has not yet been refinanced and may not be... "if at all"!!!!
RP is Trevali... Bankers will take RP in exchange for debt repayment. Trevali will have nothing left over except for the reclamation obligations at Caribou / Perkoa with empty bank accounts!!!!!