RE:Take a deep breath...I highly doubt that our votes will change anything, but at least it sends a message to the management that the retail investors are paying attention.
Yes, they did some things right, but is it ever disappointing reading some of the background blurbs posted on their corporate website. So many years of experience in this sector and deals closed worth in the billions etc etc yet they make mistakes that only someone with exactly zero years of experience could make.
I think that is the main thing p*ssing retail off. How can you suck so bad at this when you should literally be the A Team?
Why repeat the same mistakes over and over? Why always over promise and under deliver at salaries in the hundreds of thousands + stock options? Any other job you are held accountable and eventually let go.
I know we are technically coming close to the finish line here, but people are tired of this sh*t and want to send a message.
bigops wrote: Hey folks - i'd like to recommend that everyone stop hyperventilating...take a deep breath, take another....remind yourself that CRE is a fully permitted project in a very hot space that has bonafide offers on the table for financing and an overall deal that is being negotiated right now.
Take another breath now....
I am voting FOR -- why, because I am practical and realistic and want to see this cross the finish line. I have zero doubt that the majority of the vote will be in favour of mgmt and the various proxy items -- but think about what would happen if the panic overtook and the conspiracy believers actually conviced a wholesale revolution here...we would get mgmt change and we would be looking at 6-12 month delay in everything. The no vote would be responsible for damaging this project as a transition would not be seamless or easy. There is also zero guarantee that a new person would do any better. I suspect we would see our stock sub $1 if that were to happen...would be a disaster of your own causing (which you would then deserve)
Take another breath now....you deserve it if you got this far....
Remember that this mgmt team is responsible for getting us here -- likely weeks to a few months away from an overall deal. This team is responsible for the permitting, reclamation agreement, Cree agreement, raising $30m in 2021, advancing drilling, advancing the engineering etc etc etc. You are all literally talking about throwing them under the bus when they have literally delivered what most Canadian Li explorers can only dream of achieving.
Breathe people.......
Ya they have not hyped the project the way others hype theirs, yes they have been quiet when they could communicate more, yes they indicated a deal earlier this year and that time passed, yes the stock market is brutal and the price action of our stock is "unfair".....all that said - pls point to any mining company that has been smooth sailing in the history of mining. These are small road bumps -- they do not impair the fundamental value of Rose.
As for voting against the omnibus plan -- laughable. You might as well simply say to mgmt - "please stop attracting good quality people to the company...we only want incompetent engineers, planners and operators who don't want stock in the company they are advancing". All good mining companies incentivize good people with options -- wake up to the real world people.
Maybe take a quick breath......
I am voting YES/FOR because I am personally interested in getting a deal done and over the finish line -- as far as I am concerned a no vote implies you have zero interest in getting this completed...and if that is the case my guess is you are more interested in selling or shorting that being long....so be it, everyone can choose for themselves.
A deal is coming...look at the comps out there....look at the demand for material....remember that negotiating with large institutions (financial and other) takes many many months and is unpredictable. Remember than nothing goes as planned - specially in this area.
Take a deep breath and remember why you bought this, remember what all the analysts are targeting and remember that when a deal is announced we will be much higher.
All that said -- do what you will and good luck with your choice