Alta Copper Corp T.ATCU

new omnibus plan

[rrr1982]

I just voted. They sent me an email making it very easy to do. I dont understand why this was not done earlier since the vote is for tomorrow, but better late then never. I voted againts the omnibus plan because i didnt understand it and it seem it would allow them to give 10% new share to any insider including Fortescue. Also in the large PDF explaining all this they say at the end: we recommend you to vote yes for the plan. Sure... but why? it doesnt say. That was a poor selling attempt. At least say why you think this is a good idea.

[ForesstGump]

I think they might want to raise more funds in the future , so Fortescue might want to increase their holdings and participate in a raise. But it wouldn't be a bad if say they would issue 8 mil or 9 mil shares to them @ a dollar.  They won't  "give" the 10%, they will sell it at a premium.

[eartotheground]

Any more shares to Fortescue shouldn't be given unless there is a significant premium paid and I mean $1.50, $2.00 or more. They can tell them to F off if they want it for less. Canariaco is a tier 1 asset and commands a tier 1 price. Bonifacio needs to act and move things along, too many have hoped for too long, either get with the program and get this going or get out of the way.  With

[ForesstGump]

I wouldn't bet on that anytime soon, but I do hope it could happen by end of 2025. I am pretty sure what ever you buy at today will look cheap by year end. I want us to exit penny stock status this year.