RE:RE:RE:No interestMartyboss, my previous hypothetical analysis of Rockcliff's present situation, might also explain why the huge Talbot plate, discovered by geophysics, was never drill tested.
It wouldn't be in the interest of corporate insiders, especially any party intending, at a later date to take a majority interest in the company, to let the cat, out of the bag!
That might have driven Rockcliff's share price up prematurely, before the necessary increased share position, had been taken in the company.
Backroom deals are not an unusual event. Such an insider move would have to follow the rules. No one would want to take the risk of participating in any illegal activities, even if the ethics of such a move, might be considered as a questionable act.
But like the actions of Hudbay towards Rockcliff Metals, with respect to their procrastination over the development of the Talbot mine, those who often have pretentions, about appearing ethical are usually overruled, by those who are more interested in keeping most of the money for themselves.
This is how business partners often behave. There is the public face and then there is the grim reality that often burdens, the common retail shareholder's reason to invest.
It is even possible that deals might have already been struck between Hudbay and Rockcliff Metals behind the scene.
The overall objective would amount to putting the screws to the small retail investor because of personal corporate greed. And believe me, I am not an NDP supporter!
None of this personal conjecture can be proven by me. All the parties involved in this company's fiasco are very likely, completely innocent of any wrongdoing!
But what if I am wrong? It is humilating for the retail shareholder to have been involved in holding this poorly performing stock, for so very long!
What do their families think? Imagine all the patient waiting and scorn that the little retail investor, has had to endure!
I am just trying to figure out why a company with such valuable assets and that has spent multi-millions of exploration dollars over a period of many years is now trading at only 3 cents.
This is patently absurd! There must be a better explanation than that statement that these are difficult markets! Other miners make money! Some financial group provided the upfront capital to commence their operations!
If this company's assets are so valuable, it should already be in a contruction phase, awaiting near term mining, provided that all necessary permits have been acquired.
Is it possible that a corporate insider who holds the majority share position is waiting to make a cheap takeover bid, so they can begin the mining, all by themselves?
That could be called, leaving the small retailer, 'holding the bag'. Their many years of support, would never be well rewarded! But that is what they deserve! They should be given their fair allotment of any earnings or capital gains!
Some thanks? Thanks for nothing!
Only a lawyer might discover if some significant irregularities have occured by checking corporate e-mails between the different parties involved over the course of time. These kind of e-mails cannot be deleted but could provide some essential information, if some legal organization decided to start some kind of class action lawsuit, on behalf of the Rockcliff shareholders. But that would be up to some legal department to determine.
Is there really no interest in purchasing shares of Rockcliff Metals, or is it simply, the matter of a lack of trust?
This is something to ponder!
All the best! Java