Copper Fox Metals Inc V.CUU

A Breach of Good Corporate Governance

[Ecrevissecon]

There are no words this morning to express the frustration, even the anger, at CUU's lack of good corporate governance towards its shareholders.  The press release that was published yesterday afternoon after markets closed is a clear indication of a total lack of respect for those who are not insiders, warrants holders and especially the majority shareholder of the firm, Mexican billionnaire Ernesto.  The fact that the accelerated warrants would have provided CUU an additional 2.5 million dollars in much needed revenues either to develop the Arizona properties or to consolidate the data for Schaft Creek does not seem to motivate the Board of Directors at all.  This is a real joke!  We, the long-term shareholders, have suffered a dilution of 5.91 % when the warrants were issued last Spring but we accepted this decision in return for added cash flow to the firm and the avoidance of further private placements in the near future.  The waiver simply slaps all those investors in the face and puts the number one priority of CUU into the benefits of Ernesto alone, not of the firm.  Notwithstanding the fact that there seems to have been absolutely no progress on the negotiations with TECK about the 2018 and 2019 joint venture program results, and that CEO Stewart Elmer was actually on holidays all of last week when the most crucial decision for material value on CUU was supposed to be delivered, it would be fair now to reduce our share position in this organisation to express our clear discontent to its directors.  Which I have begun to do today and will wait to see if faith and trust in this organisation can be restored later...

[Whynottoday2]

You would think a Mexican Billion would want to swap for a home grown silver asset?

[MoneyK]

Ecrevisse, not sure about your real intentions here, but I doubt any long term shareholder would have sold just before a possible major SCJV update.  Hope you are still happy with your share count, because nice things could happen before the AGM. MoneyK

[Ecrevissecon]

MoneyK, 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

[MoneyK]

Ecrevisse, if we get further dilution next year because of this move, I'll also be very dissapointed and frustrated, but I truely believe that something else is happening behind the scenes.  Maybe the firm is trying to protect the last PP shareholders prior to major news?  Some people might need to let their warrants expire now for many reasons.  How frustrating would that

[cbew]

Ecrevissecon, you are spot on in your assessment of CUU.  I've been a long time shareholder 10 yrs and have gotten nothing but well let's just say inaccurate/misleading info from this management.  I have spoken to ES personally and was told to my face that the FS would be out very soon ( it was delayed for another year )   I was also told in person that we wouldn';t