QuestEx Gold & Copper Ltd. QEXGF

RE:BOD – STRATEGIC CHANGE?

[2021Gamble]

Well @NoMiner....

You nailed it with this analysis
Kudos to you

NoMiner wrote: I find it very interesting that Skeena just changed their representative on QEX’s BOD.  The director leaving is in essence SKE’s VP of Communications, whereas the new incoming director appears to have a strong accounting/financial/consulting background in the mining industry – including currently acting as CFO for Dolly Varden.
 
Over the years I’ve learned to look behind organizational moves, and I’ve found there is usually good strategic reason for such changes, they don’t just happen in a vacuum.
 
In this case, no simple, obvious reason jumps out – for example, there is no information that the SKE VP is leaving SKE, nor is there any information that she is changing positions within SKE that might logically disassociate her from QEX, and she has only been on the board since last April.
 
So then I look at each person’s skills/competences – they are very different.  It appears that the former director is largely focused on communication objectives, planning, and interfaces; while the new director’s expertise seems more centered on matters such as proper systematic monitoring and reporting of the company’s activities and assets, including the proper valuation of said assets.  
 
Based on the foregoing, and remembering this is SKE’s representative on the BOD, it appears they want a stronger sense of QEX’s activities in these areas, as well as potentially more influence on these types of decisions – this is all conjecture on my part, but it does make sense to me – this would be the ‘strategic’ motivation for the move.
 
So then I wonder to myself, what ‘is changing/has changed’ to warrant such as move.  Of course there are a myriad of potential reasons – but the one thing we know to be fact is:  this change was made to protect/enhance SKE’s position as the 2^nd largest shareholder in QEX, and personally I rather suspect it is probably more based on the ‘valuation of assets’ side versus ‘concern regarding QEX’s accounting function’, as they are well funded. 
 
Clearly times are changing in the GT in general – SKE itself is now registered on the NYSE and seems to be going down the road to development; Newmont (our largest shareholder) is ever increasing its footprint – and our ‘Castle’ would fit so well with them; Newcrest now controls Red Chris, bought SKE’s property right beside our Castle, and is presumably buying Pretium for $3.5B 
 
And more importantly, times are changing in QEX – we have Inel’s 43-101 being published in the Spring of 2022; the new porphyry on Sericite Ridge will be providing us far more excitement in 2022; the eventual exploration/monetizing of Castle – just to name a few!
 
This has been a long story – but I have tried to explain why I believe this change in our BOD is another strong confirming piece in the puzzle that the knowledgeable participants in QEX are getting ready for some big, important actions in 2022!
                                    IMHO                                      DYODD