Sixty North Gold Mining Ltd C.SXTY

Milking SXTY Shareholders Cash - Management/Consulting Fees

[snowshoedb]

Shareholders should be upset. Stock is sinking because the management team is not executing on a viable plan to develop and mine the deposit. Warrants have been extended creating an overhang that wont go away. It will be impossible to raise any real money for this project now.  Cash is being sucked up by management/consulting fees where the company is getting little value (not much getting done). 

This stock is going lower and on to a slow agonizing death. Watch what happens. The management will try to sell the deposit to another entity and further line their pockects as they realize on their bloated fees. 

I wish SEC would investigate operators of scams like this and bar them from being directors, officers of public companies. I hate seeing retail investors get fleeced of their hard earned money.

Shareolders need to revolt and vote out the current management team that is only working in their own personal interests. Shareholders need to wake up and take action.

[GenHandgrenade]

If I recall correctly they said they will be doing some milling there this season. Cash flow at 1 oz per ton perhaps. 

[givemeabreak1]

GenHandG No and No these guys have not even met the requirements for their earn in!  Read the news release late 2023 or early 2024 before there is any cash flow.  Might be a billion shares out by then lol.  That said, I doubt it as there will be the typical share consolidation.   Just one mans opininion but I have seen this before!  I expect you will see .03 before