The best operating strategy for Canasia Just like Canadian mining companies, Chinese mining companies are interested only in the acquisition of producing companies, not to involve in uncertain exploration projects without NI 43-101 reserves estimate.
Case history: Jilin Jien Nickel of China injected $30 million in Liberty Mines (LBE.TO) and controlled 51% of the company through the acquisition of common shares and preferred shares.
https://www.asiapacific.ca/fr/news/jilin-jien-nickel-china-acquire-controlling-stake-liberty-mi
https://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=ca%3aLBE&uf=0&type=2&size=2&sid=2060941&style=320&freq=3&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=20&rand=1971144961&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=0&lf3=4&height=444&width=579&mocktick=1
https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009151
The company is in a big mess with an outstanding share of 206 million, assets of 91 million,liability of 105 million and huge operation loss as cost sales is far greater than the sales revenue.
So it is really not a good idea of getting a Chinese company involved as it will result in huge share dilution that will destroy shareholders value, not to enhance it.
the management should follow Mountain Boy's strategy.