Bullboard - Stock Discussion Forum Defense Metals Corp DFMTF

Primary Symbol: V.DEFN

Metals & Mining Industrial Metals & Minerals

Defense Metals Corp. is a Canada-based mineral exploration and development company. The Company is focused on the development of its 100% owned Wicheeda Project, which is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada. The Wicheeda Project consists of 12 mineral claims covering an area of approximately 8,301 hectares (20,534 acres) located 80... see more

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TSXV:DEFN - Post Discussion

Defense Metals Corp > When CEO walks away their is a reason.

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Post by up2005 on Sep 02, 2024 2:22pm

When CEO walks away their is a reason.

The recent sp collapse is the signal, all is not going to plan. The promise of a BC based REE company in a marketplace that was going to reward North American producers just has not materialize. Well below my cost averaging price now when upon reflection their were multiple times I was in the green and again I blame my emotion's, greed and belief that DEFN was going to be a takeout target at a decent premium. Do we get back into the thirties???

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Comment by Maxmoe on Sep 06, 2024 12:29am

Thirties? You'll be lucky to see 10. Craig walked with right around 2.5 million shares if the insider info on s/h is correct. He's no longer an insider. Unless he's about to launch a vengeful angry hostile takeover bid, those shares will hit the bids. Why on earth did he buy more this year when his buddy burgess was dumping. Burgess and the rest of the spectrum crew got 49% of defn for ...more

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Comment by Maxmoe on Sep 06, 2024 12:43am

Anyone wonder if the McLeod lake Indian band are happy? This story is so outrageously one sided it wouldn't surprise me if the band traded their legacy mineral deposit for a case of whiskey, a dozen horses, and a crate of small pox infested blankets. Is this karma for kraig or was he duped by spectrum with everyone else. His Rolex retirement gift cost $20 in gastown.

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Comment by Mackthenife on Sep 08, 2024 12:49pm

I don't think you are giving enough credit to MLIB. They have generally done fairly well on negotiating these deals. I would be more concerned about DEFN getting shown the door and MLIB partnering with someone credible! It has happened to a few entities in the last 5 years because of BCs FN friendly consultation/expropriation policies. MLIB will force them to wear their big boy ...more

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Comment by Maxmoe on Sep 10, 2024 11:53pm

Sorry, not what I meant. I meant the mlib must be pissed about getting duped with what turned out to be such a terrible deal for everyone but spectre ( the fictional bad guys from bond movies) . I hope mlib turns the table on them somehow ,if they can , so long as it doesn't crush defn minority, seems unlikely.

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