DNI Metals Inc DMNKF

DNI Metals Inc is an exploration and evaluation stage company, which engages in the exploration and development of mineral properties. It holds the base and precious metals, specialty metals, rare earth elements, diamond, and uranium mineral properties in Alberta, Utah, and Ontario. The company's properties include SBH Property, Vohitsara Property, and Clifton Gold Hill Royalty.

GREY:DMNKF - Post by User

DNI Metals Inc

Bullboard Posts

Comment by Floridas2000on Nov 01, 2018 12:35pm

81 Views

Post# 28908721

RE:RE:RE:RE:RE:RE:RE:RE:Pink sheet

We should back away from the ledge a little bit. Blaming the board is a little too much, this is a day to day operations issue which is controlled by the President / CEO. Dan is putting together a team because he probably realizes he was taking on too much. Let's see what this team looks like before firing the board.

It's more positive at Nextsource board than it is here. Nextsource doesn't have a permit, they would love to be this close to production. The disappointment is expectation, we are supposed to be in production by now. Cougar was a disappointment. Env. permit was a disappointment. However we are much further along that Nextsource. DNI has a market cap of 5 million. Nextsource has a market cap of 51 million. Nextsource has a binding offtake agreement for 20K tonnes per annum. DNI has a binding offtake agreement for up to 24K per annum and is working on an offtake with India. Ignoring the disappointment and thinking like a rational investor - DNI is a better risk. IF they get to production their SP should be on the level to Nextsource at least.

Austrian007 wrote: Right Floridas... but given that Dan and the board slept through the entire period, I dont know what they taking responsibility would mean.

It should have specific action items and consequences.... I would be mighty pleased if they can add a couple of large shareholders to the board. At this point it appears to be a party of friends rather than any serious management control and practices in place.

/s

Floridas2000 wrote: As I've stated, I agree Dan has to - has to - take responsibility for the mistakes that were made. He is the CEO of the company. I criticized Randal for not being on top of the drilling done by Cougar and the same has to be done for Dan for not being on top of what was going in Madagascar. However I wouldn't put that much in to the PR. As far as he knew from his country manager the permit was in the hands of the permit office. He should have verified, that's on him, but it wasn't intentional. That action alone makes the country manager fireable.

Dan needs to get that permit, get the offtakes and sell graphite. As an investor I still want this company to succeed and it still has the chance if he makes it right. As for kcuhc, he has never said anything nice about Dan - ever. So I think it's more personal than objective. He shows up when things are bad to advance his agenda, which is fine but have to remember where he's coming from.

RockLobster1 wrote: Check matde you must be quite the innocent rube to not be able to see incompetence and the importance of integrity. It matters.

Dan put on a pr that the cahier was in his hands, then raised funds based on that. He didn't bother to read it? Took their word for it?

Bad management is a risk of stocks. But enjoying and excusing it is for suckers.