RE:ALTA COPPER - DR ROBERT MCDONALD SMART AND FOCUSEDGood comment below from someone who recently spoke with Bonifacio, which deserves posting here.
Once this blasts off, there will be no stopping it! LFG!!
"@zonk - the issue of Robert McDonald, I contacted Giulio and had a phone conversation with him yesterday.
So, it is not correct to say that Robert McDonald is an asset of Fortescue. He is an independent director of Alta Copper $ATCU, who has done some consultancy work for Fortescue in the past. Giulio carried out an intensive background check and Robert passed it without exception. For me, the issue is settled.
Giulio also pointed out again that if Fortescue were to make a takeover offer for Alta Copper in the future, the two directors Christine Nicolau and Andrew Hamilton (both from Fortescue) would not be legally allowed to vote. This leaves Giulio, Steven Latimer and Robert McDonald to vote on such an offer.
We have spoken intensively about the valuation of Alta Copper and my impression is that we are in a very good position with Giulio as CEO! Why am I saying that? He knows what the market wants in order for a revaluation to take place. He has the mindset of an investment banker. We should not forget that he has proven in the past that he can move a company forward and increase the company's value (Faraday Copper = former Copperbank and Nevada Copper). And especially in the mining industry, it is essential that, in addition to a good resource, you have experienced and successful management!
He has made it clear that he knows the true value of Alta Copper and is trying everything to ensure that a revaluation takes place. Like us, with his almost 2 million shares, he has a great interest in a high share price and a fair takeover price. To achieve this, he is working on various fronts. On the one hand, it is about obtaining the drilling permits and community agreements (which we already know). On the other hand, he is trying to win over institutional and HNW investors. This does not happen overnight. These investors do intensive due diligence and you first have to overcome certain hurdles before the big checks are written. The updated PEA was extremely important and was the door opener. My guess is that these investors are still waiting for the drilling permits and the community agreements. He is also working on further analyst coverage (we have made a start with Haywood). Further measures are also planned to increase Alta Copper's visibility (participation in investor conferences, social media activities, etc.).
I personally think that with Giulio we are finally positioned like a successful developer. The only problem is the (still) low share price. However, I am sure that this will change very quickly when the market realizes what a treasure lies dormant here. I don't know what the trigger will be, but I am sure our time will come. Until then, Giulio has to keep fighting and we have to be patient and, if we can afford it, use the low prices to buy more.
We should still remain critical and question things and decisions, but we should not dwell too much on the history of Candente and the mistakes made in the past (by Joanne) and instead focus on the future. With Giulio there is a new sheriff in town and we are better positioned than ever to be successful in the future!"