We need a Champion!Instead of choosing between two evils, I would gladly cheer for a white knight and happily welcome a purchase offer from Champion (CIA), even an hostile takeover.
Champion would get back the CIA shares Fancamp owns for cancellation, together with our royalty on their lands, and add our iron ore to their growing presence in the area. It could then create two new junior companies, one for the development of our gold assets, the other looking after all our other metals assets. More clearly defined, these new entities would get deserved attention from the market.
A win-win solution. So much that I do not understand why Champion, as the biggest Fancamp shareholder, it letting this circus take place. It is hurting my image of Champion in many ways. First, as the big guy out there, they are passively involved in this mess and oddly doing nothing. Second, they should recognize a good deal when they see one and act accordingly.
I do not own shares in Champion and therefore do not feel comfortable posting on CIA board. I do not know if any CIA shareholder is following our board, as part of normal due diligence for an investment in Champion. Should it be the case, I am curious to see if my post here will find any echo on the Champion board.
Fancamp assets are valuable and just need to be sorted out in the proper way. I can't believe authorities will let these be ruined by old tactics from another time, tactics which led many potential investors to turn their back to the mining sector altogether.