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Copper Fox Metals Inc V.CUU

Alternate Symbol(s):  CPFXF

Copper Fox Metals Inc. is a resource company, which is focused on copper exploration and development in Canada and the United States. The Company’s projects include Schaft Creek, Van Dyke, Sombrero Butte, Mineral Mountain and Eaglehead. The Schaft Creek project covers 56,180 hectares of mineral concessions located in Tahltan Territory in northwestern British Columbia, approximately 60 kilometers south of Telegraph Creek, near existing seaport, transportation and clean hydroelectric energy infrastructure. The Van Dyke project is an advanced stage in-situ copper recovery project located in Miami, Arizona. The Sombrero Butte project is a Laramide age, exploration stage, porphyry copper project located in the Bunker Hill Mining District, 44 miles northeast of Tucson, Arizona. Mineral Mountain is an early-stage Laramide age, porphyry copper exploration project located in the Mineral Mountain Mining District, 20 miles east of Florence, Arizona.


TSXV:CUU - Post by User

Comment by Ecrevisseconon Jul 26, 2020 11:10pm
190 Views
Post# 31322103

RE:RE:A Breach of Good Corporate Governance

RE:RE:A Breach of Good Corporate GovernanceMoneyK, I wish that I could share your enthusiasm and I really want to be wrong on this but what happened last week with the warrants waiver was quite revealing.  If CUU really desired to put pressure on TECK at this moment, its management would have accelerated the warrants to acquire enough cash flow THIS SUMMER to be able to pay for their own NI 43-101 and then put CUU's portion of Schaft Creek on sale to the mining industry.  Without a NI 43-101 report, no sale can take place.  Your previous idea of a confidentiality agreement would not work out for putting on the market a mine to full public viewing and sale in order to attract the best price for CUU.  However, since no news has been released and nothing worthy of any progress seems to have been accomplished so far since December 2019 (!) with TECK, this only indicates that shareholders will have to wait another three to six months for any material news on that project.  It also clearly shows that the majority shareholder of CUU is definitely not in a hurry to establish a true value of Schaft Creek or to develop the Arizona properties in the near future.  That is why the term "lack of good corporate governance" applies so well now because shareholders are losing value because of these regrettable decisions by the firm.  There is also the possibility that Ernesto wants to have more exploration done on Schaft Creek based on the 2018-2019 results to maximize the full potential value of the mine for his own profit.  That would be another six months to a year delay for all of us.  Do you want to see the stock price drop back to 6-8 cents for another half year or more?  It was at 20 cents not so long ago!  What happened with the waiver is of huge importance about the true direction that CUU wants to take in the coming months, and many of us were shocked at this revelation: it means more wait, more wait and more wait, then another possible private placement where Ernesto will grab more shares of the firm, and give us more dilution and grief.  Refusing new cash flow to take the initiative on TECK and on Arizona should be of real concern to all of us.  I truly hope that I am wrong about this but, after a decade analysing and trading CUU, nothing would surprise me anymore...
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