Great News For CORO Scary for BTC Sharelholders The deal CORO signed today partnering with Chilean Company ProPIpe sounds extremely propitious and reinforces my positve take on CORO management. Propipe is a company with strength in mining technology. Propipe has committed to putting money and valuable work efffort into this partnership. Propipe is a local Chilean Company that would be expected to have a good feel for the pulse of the copper situation in Chile which is one of the richest copper countries in the world. For Propipe to choose Coro's Berta project in this terrible period for depressed juniors is a tremendous endorsement of the potential of Berta and the relationship building and credibility of Coro Management. Sure it could all be a fake and Propipe could be a website with no pot to pee in. If it is not, we should remember that Propipe is not investing in Berta as a pure investor, Pro pipe is investing in CORO from the standpoint of mining technical professionals who know so much more about making wise investments than we stockholders. I like the way the deal is structured in stages and how CORO was able to negotiate a more affordable payment schedule and have Propipe make the next payment. This smells really good.
The bad news is that the closer CORO gets to hitting paydirt the more likely Vultures will spring on BTC and grab it in a takeover right before CORO starts to go up in price based on imminent success in the ground. The Gold Royalty Companies and the Sheldon Iwentwash's will become so excited about having only Steven Stares to worry about, they may have experiences in their pants.
BTC Stockholders, if you like CORO which as you know is what BTC is all about, you can not just sit and wait. We must find some way to be proactive. The only logical solution is to find a way to have our BTC shares exchanged for CORO shares. Otherwise we will only have the risk but no reward and the reward here could be giant. One avenue as we are desparately overmatched against Steven Stares, would be to remember that it has been said that BTC barely squeake by as a standalone company when it was separated from what became BEX. if it is true that a small amount of cash and the Goodchild property had to be included to make BTC acceptable to Securities Regulators, it may be that the Regulators would take a look at the company as it now stands and do something to help protect shareholders. We certainly would not want the separation reversed because that would put us right back in the hands of Stares without possibiity of extrraction. It is said that Canadian Regulators are becoming more and more concerned about propriety as time goes by.
I dont know what we can do but by alerting Stockholders I can be hopeful.
Canada Moose