stacksilvernow is on point!!! over on Ihub. Soiled Sand, you need to read AND understand this information. I would ask you to dispute anything in this post:
""U.S. Silver's financial advisor is Cormark Securities Inc. and its legal counsel is Stikeman Elliott LLP. Cormark has provided an opinion to the board of directors of U.S. Silver that, as of the date thereof, the consideration to be paid under the Transaction is fair, from a financial point of view, to the shareholders of U.S. Silver."
Simple. Sue them and make them produce their working papers that shows it was fair to the shareholders. I don't think they can do it. It isn't about a specific lie... it is about gross negligence in not performing adequate DD to determine that their opinion was valid when it clearly was not. This isn't hindsight stuff... Drumlummon had no potential to ever be a profitable mine. I don't think they ever even applied for a permit. They warehoused some concentrate over the course of years under a small mine exemption. A whistle-blower stated they were violating safety rules and implicated them in wastewater violations. I haven't checked to see how the lawsuits were ruled or if there were fines levied. Proper DD by Cormark should have discovered all these things as I spotted them in a short while of research.
Nobody has ever answered why Sprott was already on board when it was announced to the public. This is a securities laws violation. Proper disclosure under Regulation FD needs to occur with all parties at the same time. I think Sprott is the one who proposed it to get rid of his dog investment in RX Gold. He was probably promised a financing deal in exchange for his support for the combination.
This doesn't even touch the fraudulent statements from RX Gold where they gave yearly production estimates based on selling the warehoused concentrate all at once. This is a classic "salted mine" scam and nothing more. How could Cormark sign off on a mine with ZERO identified resources, no permit and debt. You got took and nobody is holding the perpetrators accountable for the lies and failure to uphold fiduciary interests to shareholders. "