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Koryx Copper Inc V.KRY

Alternate Symbol(s):  KRYXF

Koryx Copper Inc. is a Canadian copper development company focused on advancing the 100% owned, PEA-stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia. The Haib Copper project, Exploration and Prospecting License 3140, is held by Haib Minerals (PTY) Ltd, a Namibian corporation fully held by the Company. It holds the option to acquire up to 80% of three large scale exploration licenses in the copper belt in Zambia. The licenses include Luanshya West project (LEL 23247), Chililabombwe project (LEL 23247), and Mpongwe project (LEL 23248). The licenses cover about 752 square kilometers in the Central African Copper belt. LEL 23247 is situated in the center of the Zambian Copper belt, which forms part of the Central African Copper belt. The three licenses sits on the same side of the Copperbelt, which hosts nine large copper mines.


TSXV:KRY - Post by User

Bullboard Posts
Comment by Original_Brailaon Jul 22, 2011 8:50am
528 Views
Post# 18860278

RE: incentive

RE: incentiveLook at this article and you will see how various industries in Japan, Germany and South Korea desperately tries to secure REE for the coming years: https://rareearthinvestingnews.com/4358/industry-secures-lithium-and-rare-earth-supply/

In my view management should always work for the shareholders best interest. In a company like Dacha with basically no staff, only kilos of easily sold metal it is even more this way.

Lots of companies discuss future possibilities with investors, customers etc. I strongly believe that the management of Dacha needs to openly discuss the option of one day "exiting" and selling the company to say Mitsubishi, Philips, Siemens etc if they offer a high enough price.

The only reason I can see for the management not do perform this important task is if the company trades at a discount to fully diluted NAV and I really believe that we might soon do that.... but IF we stay this undervalued at a completely insulting 35% discount (or actually more if one considers the true value of these metals if sold today by Dacha) to NAV there can be no other option than opening up for a sell process of the company. It is like GLD would trade at a 35% discount.... that could not be considered a success even if the gold price have doubled or trippled during the time it has existed.

Such a process could probably by itself ironically "save" the company since it would no doubt increase the value if investors, with the help of management, started to better realize that option.

This is my view and it is shared by alot of the Swedish shareholders that hold a substantial part of the company.

In the very short perspective I believe that we have a very good buying opportunity since several million warrants are currently being dumped on the market at the same time as the company has already bought back the shares they are allowed to buy this month of July (1 million/month) I guess. So in short, should be a very good buying opportunity the coming 6 days.
Bullboard Posts