RE:Regarding the ATM Creating value and taking appropriate actions to ensure that such created value converts to liquidity and price enhancement for shareholders is managements first priority ...but that does not seem to be the case.
The ATM basically absolves management from responsibility for the share price....the results are obvious..fake volumes and sequential roll back of price suppport for good news such as the Deep drilling .
Videos and assays no longer are capable of sustaining a share price advance , in the absence of cash flows from asset monetization ( mining ) replacing dilution.
And so, according to the Prospectus, we are now going to expand the exploration program to QWS when such funds could be better spent on accelerating mining of current discoveries.
Why not , instead , unlock the value of QWS by spinning it out to shareholders with enough seed money to get an initial exploration going from which to self fund .
$400 million is serious money to spend on more exploration programs other than confirming the potential of Deep Lodes which is well underway.
Why not promote the share price by convential road shows and use the elevated equity value to acquire a Junior producer or for direct equity raises .
The history of CK ....NFG, PALI, NKG....is one of destruction of share holder value as reflected by trends in equity price of these companies
With good assets, that suggests to me that he is not viewed favorably by the investment community .
Perhaps I am wrong but the new prospectus suggests that an already laggard share price will have little to give it wings.
AIMHO