TSXV:CUU - Post Discussion
Post by
Ecrevissecon on Aug 28, 2023 12:51pm
Finally! A split of Copper Fox!
Good morning to all,
For the first time in over a decade, Copper Fox officially announced today that "the Company is conducting an internal evaluation to identify potential opportunities to optimize its corporate structure." Hurrah! We have been wanting and demanding this for ages! Let's get rid of the controlling shareholder Ernesto who does not seem to care at all about shareholders but just himself. Split the firm in two!
The press release was clear and honest: "...considering strategies for the distinct and efficient management of its mineral properties located in Arizona and British Columbia." YES! CUU needs to sell Schaft Creek to TECK or else so that Ernesto can go away with his 54 % share control, allowing Elmer to play with Arizona mines + Eaglehead and have some stock price action! Maybe even call the new entity "Desert Fox" or something...
It's about time. Although shareholders owe Ernesto gratitude for more than ten years of keeping the company afloat with his wealth, he never did anything for free for us. He always acted in his own best interests, as we can all clearly see this morning with a re-pricing of the private placement designed exclusively to save him more money but at the expense of the share float with more dilution for shareholders.
CUU finally wrote what everybody wanted on a legal press release. Wow. Shocking! Management needs to act now and show the stock market an EXIT strategy to bring new investors in and some growth!
Time to divorce, buddy! Let us go away freely so we can also get rich like you... and thanks for the ride, by the way.
The future at last looks a bit brighter.
Allelulia!
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