Don't Change Horses in Mid-StreamI do not think we should change horses in trhe middle of the stream. Thw New Polaris drilling program was a sucess and now we should be progressing towards a feasbility study. With rising inflation and economic uncertainty the gold market should be doing well. Instead the gold indexes are making new 52 week lows and gold stocks are making all-time lows typical of summer trading. Eventually there will be a rebound. If the dissidents win will they make a private placement on the same terms initially offered Canagold, or will it be more dilutive??
Canagold has thew team with the expertise to develop a potentially very profitable mine at New Polaris. Experience is important. What do the dissidents have?
If New Polaris can attract the dissident's money Canagold shouldn't have any problem attracting other money. A partner for development could be found by offering CCM shares equivalent to 25-30% of the value of the company for sale to finance the feasbility study. As management says, CCM is at a critical stage. Once the feasbility is done things could drastically change as work is started on the development of one of Canada's richest gold mines.
Don't take the dissident's offer. There will be better ones in the future.