Had to chuckle listening to Terry Lynch today
I had to chuckle listening to Terry Lynch today via the release today of "View from the C-Suite".
He talked about watching expenses and if you are not drilling you are not making money for shareholders etc. I then glanced at my shares that were reduced in 10:1 in 2014 and then 4:1 again in 2018. So my shares that were over a million are now less than 50,000. Funny management's salary doesn't seem to experience the same level of decline.
He also dusted off the royalty option "potential" which may come into play he said in 2-5 years. Wow... how many shares will I then have with future rollbacks?
To his credit though, he did talk about the upcoming Cobalt/Iron drilling in April or May and later on possible drilling in Chile.
Lets see if they start drilling in May, it should be a number of months before one hears anything or in other words, it going to be one long summer.
Its a big loss to write off in taxes for me so I am just hanging around to see if anything happens this year to turn this thing around a smidgen. I would never dream though of buying any more shares with Terry Lynch still at the helm. He has been a disaster but to be fair, so were his predecessors.