RE:RE:RE:RE:RE:RE:How long can the auditor delay last?Thanks Maxmoe, it is a challenge to understand the actuals and the motives behind them.
As for the 22M FNC share sale(?) to Ashwath Mehra's private company, Astor Management, from Champion Iron Mines announced in July 2021 it is still very much of a sore point for the green slate proxy of 2021. The fact that Mehra was and still is a director is unsettling with regard to the transaction. This event screams conflict of interest to me especially since it coincided with the return of the 1.5% non-recourse royalties held by Fancamp on several Champion properties given back to Champion for cancellation. According to others there is no wrongdoing but it is awfully murky imo. There was no need to dispose of those royalties and yes, Champion had the right to sell its shares to whomever, and believe there must have been a long list of suitors. The optics are just gross.
Many are tired of this story, but it is significant in explaining why we are here.
The antics of the current operators is proving to shareholders there is little sign of any hard-core exploration, it is all about moving paper around and collecting large amounts of money for doing so.
I believed in the future prospects of fancamp with all the market insecurities and speculative alarm bells. It was one of the best bets out there, not perfect but looked solid. I still believe with better operators it can go places.