RE:RE:RE:I missed thisRon, channel and grab samples are weak indicators of property value and can be very misleading.
We should all appreciate the fact Dino has run a small shop and not hosed his shareholders with bloated administrative expenses. He and Barry are likely busier than one-armed paper hangers and you can always reach out with an email or phone call. Why do we need a repeat of information that isn’t very material to TUO at this stage?
I don’t doubt the hopes for Del Norte, but no big buying interest is coming to TUO off the street for much beyond TC and its value right now ... everything beyond Goldstorm and maybe PSZ are “miscellaneous” other potential. Look at the values on the earn-in compared to the $115 million or so market cap.
I’m with you on one thing though, that is as the business of the company get some busier, can it scale up with delegation, hires, using outside consultants? Dino has put himself in hot water before by doing his own contract writing, not hiring outside lawyers. It bit him on the back end. When I saw the update on the Decade earn-in I thought uh-oh, that looks like a DIY job again. Now maybe Ed and Dino can be old school and handshakes and quicky little contracts work, but what if down the line there are subsequent owners with more aggresssive tendencies ....
Which is why the board upgrade was so welcome. I have faith they can really make something out of their portfolio, assembling a nice group of streams, maybe even buying up some more properties down the road. But scaling-up a business is a hard series of adaptations and changes in how things get done, probably the hardest for founders who have to let go, delegate, accept more formalized structures etc.,.
cg