RE:Bull market for metals is a great thing for TinkaAbdomen,
agreed high metal prices are an incredible driver when the Executive-managers of the resource have the mining skill sets and business savy to create a company and value.
Tinka has the mineral resources (in spades), they have extremely favourbale metal prices BUT their management does not have the mining and business skills and the Board is comprised of an investment firm, exploration geologists (NOT mine geologists) and competing mining companies.
These players are not aligned as to what the end point is and the CEO & Chariman of the Board Dr Carman will not correct this situation.
Metal price can not fix mis management and non alignment
Alignment:
Dr Carmen, Mr Fernadez, Mary Little are exploration geologists - they want to write a journal paper about what they found, enjoy a great salary and expense account.
Sentient the investment firm wants to make money but they don't know much about mining either.
Buenaventura mining bought in at $0.243/share and they own just under the magical 19.9%. My guess is they want to average down their share price and obtain a fantastic resource in the process. An 8 cent share price spread unfortunately can be made to increase.
I think I am missing the other notable investor a Peru based mining/smelting company, again they want the feed stock for cheap.
So all these competing actors are in the same boat, if they are rowing they are certainly not rowing in the same direction and the Captain doesn't notice or he doesn't seem to be able to get it together.
Remove the CEO & Chairman, install mine developers with proven track record, hire competent financier-stock market type, reassess the preliminary fease study, start fresh.
Sound jaded, yes. I'm put off due to the Tinka development opportunity being missed and my investment is way under water.
Red