RE:RE:RE:RE:RE:RE:RE:RE:Latest Crux Investor Interview with John McConnellkegman wrote: That is why CDE is an interesting takeover target. I do not think shareholders will argue either. There are leaders that have certain traits and are good for different stages of a company. Krebs has been a poor steward. John has brought us to this point. I think we need a different skill set now. Nothing personal, he can move on to BYN and help build their mine if it comes to that. He is very good at that. I think he has an in with the CEO there and I heard her say she would move on if it was in BYN's best interest.
Poor Steward- Krebs inherited, as new CEO a broken company with two open pit bulk tonnage mines (RochestorPalmarejo) and a surface operation mining dumps from over 400years of mining.Two core assets were wounded San Bartolome with Bolivian political instability and a mountain ban over 4400 feet where high grade was located .Palmarejo hamstrung with the Franco Nevada royalty on 50% of gold ,a minimum of 50,000 gold ounces with only a payment to Coeur of 400 an oz.
Rochestor just coming off Care&Maintenance and mining dumps a low gradeopen pit bulk tonnage ana disorganized mess..
Kensingto rushed to production had to cloes to refinish and train new workforce.Narrow vein high cost underground.
Krebs was forced to fire mine managers up ,move from Idaho shedding the good ole bozs attitude and create a new culture of innovative thinking embracing technology with its new IT infrastructure and creation of team culture of efficiency.in its 2500 employees..krebs barely got a year before the savage bear market hit.A jurisdictional footprint that was a mess and metals mix 70%Silver 20% gold insured a massive dropp of revenue and a slow long painful process of.relentless efficiency,divestiture,optimization of assets using exploration for grade at existing mines Going underground and developing,Acquisitions with synergies to producing mines,An,accretive acquisition of gold mine in production helping reverse metals mix to 79% gold 30% silver. for more stability.The bear market was a slaughter companies valu and kick in silver volatility...It is easier to start from scrath and build a deposit the run 6 mines and rebuild a ongoing metals producer.
Keg your supremely dangerous in your shallow understanding of time effort and moneyto just read water in the undertow of a bear market-Keep moving forward ,keep miners safe and employed and their communities..Coeur now has all new senior executives,extra bandwith a focus of just USA and Canada,reorganized exploration teams .Record free cash flow at two active mines and palmarejo94million in three quarters.Record reserves in 2020 ,record exploration in 2020 and eclipsed in 2021.Rochestor mine life out to 2038 and byound producing 8million ounces of silver 80,00gold. This rebuild wil cut silver leach time to two years with higher recoveries than 20years and cuts strip ratio in half..All this, will go write over you head.What about the share price that makes this oversold and short term while rebuiding difficult to value..
Coeur is by far your largest shareholder your close mindedness on this board is as you say nutz, the abilitty to wing insults knows no boundaries-
I have made huge sums of money on Coeur huge runups bought at horrific bottoms 0.56 or $5.60 post R/S to 438.00 then the 1.65 to 16.00 run accomponied by 2.00 leaps bought for pennies at the 1.65 area low--- that by summer were worth $16.00 dollars.
And again under three dollars sold 50% at over 6.60 have a negative cash cost.Its about timing that comes from information.
I am immune to the insults on this board, As you guys keep posting the same garbage over and over since May 10-now thats nutz Whats the opportunity loss while waiting for a sale sabotaged by CEO or intentionally not releasing pertinent drill results and skating close to conflict of interest..
I will blizzard the insulting unqualified shallow posts that are unjustly wrong with facts.-