Post by
Laphroig on Jun 16, 2023 11:31am
Get out of the way ....
A company may function with a project manager as a COO, I'm not so sure about as a CEO. We'll see. We learned a few things from the webinar. Four phases of development will bring first production to late 2027 (if all phases are completed on time). We heard the project management buzzwords; evolving, adaptable, changing, strategies, timelines. A lot of talk about investors becoming enthusiastic as the project progresses. We heard about capital raises, off take agreements, investment partners. This summer will be spent making the necessary internal adjustments to prepare for the transition from explorer to developer. So, it appears that not much will be happening outside of the company until the fall, unless there is a capital raise before then. I was a little surprised to hear that only 58% of the results from the drill program have been received after 7 months. In phase 4, we can expect all hell will break loose. My takeaways. I feel confident, Todd will manage "the project" well. Just not sure about his concern for shareholder value. I think current shareholders will need divine intervention to prevent t their positions from being ravaged. Come on Joe and Justin. Please?!
Comment by
antisense on Jun 27, 2023 12:30pm
LOL well there you go that COO did NOT last long as CEO. It's like a revolving door at this company. Hopefully they find some stability soon or this is going to look like a real sketchy company soon.
Comment by
Laphroig on Jun 28, 2023 10:20pm
Unfortunately, that's true. Looks like the Chairman is gone also. Could it be that he made the push for Todd to replace Greg? That's what it looks like. I didn't see a lot of anything in Todd's first presentation and it looks like the Board didn't either. Maybe, if they ask nicely Greg Andrews would come back.?? Let's hope for better days ahead.