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Chilean Metals Inc. V.CMX

"Chilean Metals Inc operates as a resource exploration company. The firm is engaged in the exploration of gold, silver, copper and iron properties located in Chile. Its projects include Palo Negro and Hornitos, Zulema, Copaquire Royalty, and Tierra de Oro. It also holds the majority of its interest in four copper-gold exploration properties located in Nova Scotia."


TSXV:CMX - Post by User

Post by 2investorknoton May 02, 2017 12:58am
400 Views
Post# 26190524

Just makes one shake their head

Just makes one shake their headAnyone that knows the history of this company over the past 8 years, knows what a total mess it has been.  To add insult to injury, I read in the MD&D filed today on Sedar, that Terry Lynch's Salary and Benefits were $144,000 during 2015 and then skyrocketed to $288,000 for 2016 -- this of course is when the shareholders shares were being diluted etc.  See page 14 of their report.

Now I know this sort of thing happens to many junior mining companies which fortunately is condemned by some select major company CEOs but it still makes me shake my head in disbelief.

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