RE:RE:RE:RE:Floatation Plant at Pine Cove My apologies for that confounded post...it is reposted below
I have owned Anaconda previously and made good coin.
Once again, the negativity and the assumption that management have your best interests at heart .
Of course , the evidence at hand supports your confidence
You miss my point entirely .
If those who own the company do not take an active role in its affairs and how their well their investment is managed by their employees ( thats management ), they deserve what they get.
How was your ROI on that spin out that Kevin unleashed to unfortunate investors 2 years ago ?
Zilch ?
Yep.
My point is to turn some of our assets over us, the owners of the company.
Enhance the value of Point Rousse by acquiring MAE and unlock that enhanced value by spinning it out to us shareholders with its own management team.
Spinning out assets that make no contribution to enterprise value is the best way to unlock value .
Doing so directly to shareholders ensures that they receive the full value of that soin out.
Its being done all the time.
Nothing very complicated .
We even have MAE listing to go along with it.
Perhaps you may not know it but our institutional investors have been voting against management and leaving .
Maybe the disaster of Argyle convinced them.
I dont recall in full but I believe that management raised about $25 million cad in 2022.
How has that benefited your ROI ?
How is putting Point Rousse into care and maintenance going to benefit you ?
If they sell it for $25 million will that benefit you any more than the $25 million that they sold parts of our company in 2022 ?
FFS, wake up...