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IDM Mining V.IDM


Primary Symbol: RVRCF

IDM Mining Ltd is an exploration company. The company is in the business of acquiring and exploring economically viable mineral resource deposits on its mineral properties. Its projects include Red Mountain Project in British Columbia, and Yukon Properties.


OTCPK:RVRCF - Post by User

Comment by dmacdon Mar 04, 2019 6:20pm
411 Views
Post# 29440914

RE:RE:RE:Timely disclosure requirements

RE:RE:RE:Timely disclosure requirementsDid Newmont court Goldcorp for a year of negotiations? Who was aware of these discussions and when? Were any shareholders aware of IDM intent to seek strategic alternatives, from the IDM or Ascot side? . 

Might IDM have disclosed this material information since it is clear that they mislead investors on their intent to carry forward, all the while diluting the share base to keep proving up reserves for the benefit of Ascot. The shenanigans that went down in Q4 deserves a chapter on its won. 

Some major investors might come to our aide with a proxy battle and an alternate plan of arrangement. I have voted NO along with a few others. I would welcome a new board and displace the losers that are currently sitting on IDM board. Resignations will be flying faster than a liberal cabinet minister if an investigation is launched. 

Those that are content with the current SP can vote in favor and take your lickings, meanwhile my shares are available to support major shareholders who want to dissent. I have been successful with this appraoch before but it took some bigger investors to lead the coup. 
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