TSXV:ELVT.H - Post by User
Post by
kukamanon Mar 07, 2022 4:04pm
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Post# 34492370
In the event the CEO has some self respect left in him he
In the event the CEO has some self respect left in him he will obviously step down. He took over when the share price was at C$2.25. Now they do a capital raise at $0.53. All of this while the price of Gold is very favorable at now around $2,000. Obviously today's capital raise is to the great expense of existing shareholders. From a shareholder perspective it does not make much sense to hope that the current managment team will make up for it. The damage to the share structure has already been done.
Seems like they did not produce much Gold in Q4. Looking back the words from the CEO in several interviews in the past year was basically just a lot of bogus talk.