RE:RE:Corporate Presentation?Yes, why is that? Good question Zero!
I don’t think Monday's news release was planned this way; I agree, they had to react because of what JK had found out about their partnership with Barrick.
As I suggested before, the NR was mostly aimed at
CEOs of other copper mines (globally) - a showcase of SCY's newly developed capabilities and an indication of how beneficial CMR is to companies hosting the program:
“From a copper industry standpoint, this CMR process can effectively increase mine valuations, can effectively extend mine/reserve life at current production rates, and will result in cleaner tailings, potentially lower ongoing environmental management costs, and lower final reclamation expense”.
This program is a
win-win for all involved. Who wouldn’t want that? The LOI with Barrick is a
template for all others to come (which should significantly shorten the time to set up these deals)
Before they can start planning this ‘refinery site’ they first need some indication of its scale (its capacity). And because of ‘economies of scale’: the bigger, the better! So, the more hosting deals the better! Their aim is:
“to produce material quantities of strategically important metals” There’s a major transformation going on in the background – this is going to be a completely new company, it’s not all about scandium and mining anymore, and
it will definitely need a new name. It’s my guess that GP will let us (shareholders) in on the whole story, only when some critical milestones have been met. Things like more CMR/HPA LOIs, an offtake agreement with a battery-maker, a plan to raise capital for the refinery.
So, IMO they are promoting the company to potential new business CMR partners, but not putting in a lot of effort to attract new shareholders or inform existing shareholders (to increase the share price).
And I agree with JK that we’re already well underway… stay tuned!!
Zerosum wrote: How about we figure out when to properly issue news releases. NOT on the week where both July 01 Canada Day and July 04 fall creating super slow markets. When will they get it together?
But we know ABX was talking about CMR months ago so SCY did a reactionary NR. In reality again hiding information seems to be the norm. Sure NDA, well ABX did not adhere to it - if there was one at all. SCY should have release an LOI release at the first sign ABX was publicly talking about it. Sloppy. Same old same handling of news flow poor timing and reactionary. Why is that?