Management... is it time for a change?It seems like a storm cloud has parked itself over Imperial for the last three years. With copper at $2.60 / lb and a FX gain of 1.35 there is no hood reason that Red Chris continues to lose money.
This endeavour is a long way from what management had represented in the feasibility and pre-opening plan which called for a two - three year payback on all debt.
The last quarterly call did not address any turn around plan or speak to how Imperial plans to shoulder its debt load? Isn't this information vital to investor confidence.
Any further insight on this would be appreciated.