Latest filings FULL OF ITBull....
The operators have used their special ways to take the Company away from long standing shareholders by devaluing their equity. The share price has not moved the needle.
The basic increase in their asset base is due to the unnecessary private placement based on inaccurate information at the time of the offering, the increase in the Champion Iron Share price and the insider deal with Neoterrex, whereby they doubled their investment and hold 15% interest. What is the percentage interest in the other insider company PTX, notably not mentioned in the MD&A?
To note, they continue to use the same asset base built by Peter H. Smith to promote the exploration properties put together during his very long tenure. They also continue to bash, trash and twist his very good character with zero proof of ANY wrongdoing!! This in and of itself should bring W5 and their crew out.
I believe Smith while working with CACR and by extension with Kamaleddine are trying to move the Magpie project forward whereby Fancamp shareholders and First Nations stakeholders would benefit. The structure of Magpie and the special shares was originally set up by the company's own legal advisors. Get real people!
The Magpie forensic audit ordered by these operators and carried out by KPMG turned up nothing!!!!
My wish is for Smith to be given a royal apology, the Magpie/CACR project to move ahead and for the operators themselves to be questioned as to their actions past, present, future where THEIR wrongdoings are concerned!