RE:What's the hold up here?Big question Scout, anybody's guess. The problems with Fancamp relate to who is running it.
They opined there would be a huge increase in share price after the really nasty proxy in 2021 and that has not happened but the salary, bonuses, options and directors fees etc are now spread thickly. I think, but not sure there is still a huge hunk of cash in the kitty, which was the main reason, imo, why they pushed Smith out in the most egregious way.
It is a shame in how the proxy was one; in particular, a coincidental deal whereby a single director bought 22M Fancamp shares ( nobody knows how much they were bought for it seems) from Champion Iron Mines. At the same time the non- recourse royalty of 1.5% held by Fancamp with respect to many Champion properties was cancelled!!
So the 22M shares are a solid block for the money shirts...not helpful for the exploration minded shareholder supporters and may be hard to beat when you add in all the options the money shirts have at an AGM.
A white knight would help by buying up at least 22M shares!
So there could be a nice or hostile takeover bid, another proxy or something else, seen or unseen...anybody's guess.