Distracted Management?Two of Merc's four directors, Plasden (CFO) and McBride, are also directors with Anaconda Mining (ANX). Anaconda is in the midst of commissioning their Pine Cove mill, and also in the middle of a hostile takeover battle for NIS (their partner at Pine Cove). Given that McBride is actually the Chairman of the Board for ANX, I'm quite sure their focus at the moment is on Anaconda.
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Perhaps they have devoted very little time to Merc over the past few months. This might explain why there has been minimal recognition of the impressive results and achievements of the Damoti Lake program this year. If management was focussed on this project, I'm sure we would have seen significant share appreciation as this story unfolded. It's time for management to do their job, get this story recognized, and support the share price.