RE:@scluri - Did you get a response from management?Surprisingly, Yes, I got the response.
I am not at all happy with the response.
The answers to the questions are underlined by me.
Let me know what you think of these answers.
May be the board and all posters can get a
******************************************************************************
Dear Mr. Moore:
I am a long time share holder of CPN/ESM.
I have tried to call ESM by phone but in vain.
I request you to provide the following information I believe which is long over due.
1. The bankable Feasibility study awarded in September 2017- Has it been completed.? If yes, when the report will be made public? If the Study was complete it would have been released already.
We expect to complete the BFS by the end of 2019. Many integral parts of the study could not begin till the Mining License was approved. We did complete feasibility met testing and press released to the market those results, which are significantly better than the PEA of 2010.
2. The Stanija Exploration started in 2016 October. What are the results?
When these will be known to us?
We are currently operating on a prospecting permit, which in Romania is not exclusive. As such any results we have are not disclosed to the public till such time as an exploration permit is received on Stanija and we have exclusivity on the property. We have requested an exploration permit from the mining agency.
3.I noticed a particular seller( ANONYMOUS) is selling large amounts of shares with each news release and , I noticed the share price is not going up but rather taking a beating.
House 1 or anonymous is a designation for any broker not willing to disclose they are selling. It is not any one seller but likely an institutional seller not retail. We are in a mining market when sell on news is the norm unfortunately, not just for ESM.
4. There is absolute silence for the last 2 months after the permit approval.
Why there is no communication at all to the share holders?
There is nothing of significance to communicate at this time. We anticipate a PEA to be released in Q1 based on the staged approach to the project , not the PEA of 2010.
Also, ESM website says about 400 or more employees are working for ESM? Not sure where that information is on our website and of course would be inaccurate. We expect to employ approximately 400 people once the project is in operation.
Sale od shares in bulk on each News -Is it done by an institutional investor? and if yes,any idea who it might be?
Would the ESM management look into it.
This needs to be investigated seriously by ESM management.
Selling by House 1 is an accepted trading strategy by the TSX as is buying under house 1. We have no ability to “investigate”
I have invested my life saving in this from CPN days.
Please note that ESM is not CPN and this is a totally different company than what you had previously invested in. The company was for all intents and purposes bankrupt from 2014 to 2016 and was totally re-capitalized and re-organized in May 2016.
Looking forward to hearing from you.
Thanks once again.
regards