TSXV:FCO.H - Post by User
Comment by
17Diggeron Jun 17, 2019 1:18pm
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Post# 29832848
RE:Digger are you insane!!!
RE:Digger are you insane!!!Wynjoe
I am sane enough to see:
1 - Jervois now has its African property where it plans to spend all of its cash
2 - Jervois is getting out of its Australian prpoerties and salvaging whatever cash it can get to send to its new African projects
3 - Jervois has no cash for North America and wants to make Ecobalt use its own millions to pay to finish preparing for the mine
4 - Jervois will borrow money using Ecobalt assets as collateral (or selling some) to pay to finish the Idaho Cobalt project
So what assets is Jervois putting into Ecobalt? - NOTHING
Now that is an insane deal ... so I think the best answer is to VOTE NO
Keeping our company for our shareholders is far better than the Jervois smash and grab offer that gives us nothing we need and leaves us 48% of what we already have.
After that vote, maybe we can have a vote on the performance of our own "loyal" Ecobalt management team who are getting lucrative option terms from Jervois. What did they do to earn that? .. ..... hmmmm I wonder ...
That 4 year unecessary lucrative option extension deal for Ecobalt options whch should legally expire sounds pretty strange. It dilutes Jervois sharehoders and dilutes your holdings too if they win the merger vote.
And for doing what exactly?
Is that how Jervois will be supporting Ecobalt, and you the shareholder?
xxx