RE:Am I reading that right?Treetroll, Stop trying to make something out of nothing re: change in management. There have been some tweaks but in general this was announced in the initial press release. If you took the time to check the CV's of the incoming team I personally would say it's a significant upgrade.
Your comment regarding other projects becoming the focus is utterly ridiculous. Do you really think they're going to walk from a fully permitted project with an attractive FS that has all kinds of blue sky??? If so, you're even dumber than I thought.
As for Forbes success in past projects, as I said to BP, all these guys have had failures in the past including Pezim and Friedland. It's the nature of the game. Do you think Consolidated Thompson and Avion were failures?? You better do some more DD.
With that all said I have to admit I've been blindsided by that property deal and am not happy about that at all. I suspect if you check who the shareholder group is in that PrivateCo it will all be F&M cronies. It will be interesting to get more details on this property but my gut tells me the F&M guys have papered their nest at existing shareholders expense on a property they probably paid peanuts for it. If that in fact is the case shame on the outgoing board members for approving it. This commentary is purely speculation on my part but it certainly raises a red flag.
Personally I'll give these F&M guys the benefit of a doubt for now but it sure looks like they've engaged in predatory behavior. Thats not necessarily illegal but potentially it shows they're greedy fukkers.
At the end of the day they still have to raise that SP to make a return and I still firmly believe in the value of Kobada. We'll see if Bharti lives up to his quote in the first press release about "creating value for ALL AGG shareholders".
Hopefully we start to get news on the plan moving forward soon. As a shareholder I sure want to see more details on that new property and if it was worth the dilution imposed on existing shareholders. If it's shyte I know a lot of existing shareholders who will have some questions for the OSC.
GLTA