RE:Only One Reason Chang brought in... and not a good oneI heard that Chang was offered an opportunity at Nexgen, but turned them down!!
Too bad, he could have really helped their investors.
CanadianBuck wrote: Chang is a money guy, only one reason he has been brought in and that's to help raise money in an equity/equity related deal.
The company likely is getting ready to raise money sometime in the next 6-18 months and before they do we probably will see a roll back (probably 1 for 10).
I would bet a roll back will be on next years AGM agenda and an equity raise shortly afterwards.
You can't keep spending money hand over fist on promotional BS without a day of reckoning
coming.They cut back spending on the drilling program and left salaries,perks,travel and promotion the same???!