RE:Travlinbanker watch what you accuse people ofI agree with some of your points Salmon. All shareholders should be thankful that a BID remains and that the company remains solvent. The ore in the ground is a positive and the current share float of 15.5 million fully diluted is also positive.
The issues I have are the repricing of options, the appointment of new board memebers that do not add value rather dilute sharegolders, the lack of accountability from the board and the obvious missteps my management. I remain of the belief that the government rejected us in bad faith in 2012, but that is politics. The actions of mgmt and the board however since that time has been abrasive, arrogant and ignorant. The share pirce dropping from $5 to $2 reflects this. the fact that gov wants more data reflects this.
John and Erik receive $125,000+ salaries plus options yet have destroyed shareholder value. Compounding these losses have been the downtrend in commodity prices, which albeit cyclical in nature, effects all resource investors. There is virtually no M&A activity within the space, so even with an EAC in hand I suspect that the share value will fight to ever reach double digits again, unless copper prices hit $3.50USD.
Investments are based on results, and the fact is the only people that will make money on this investment will either take significant risk by dollar cost averaging down to sub $4, or will be a board member/mgmt. That's it.
John is in way over his head and unfortunately, all shareholders will and have paid the price.