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Bullboard - Stock Discussion Forum Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two... see more

TSXV:MLY - Post Discussion

Multi-Metal Development Ltd > Time for a new CEO
View:
Post by GrandeRojo on Apr 09, 2021 3:19pm

Time for a new CEO

Mr. Dykes stays on as head Geo and we have to hire a "Professional business leader".  He's had waaaaay too many chances and failed over and over again.
Comment by babymines on Apr 13, 2021 1:08pm
Never will happen. Neither project will ever reach production. Look at the creative finance in the last 15 year and compare it to companies new releases. Then compare it to the financial statements. Shareholders invested based on the information from the company news releases only to find out the information was invalid. But the one constant was management cashed their checks until the company ran ...more  
Comment by Journalist1 on May 06, 2021 5:43am
you are right, they will never go into production within this company. This type of projects are always bought out by majors. Advanced assets are a rare species in the market place, i.p. in the junior mining sector.  In CuMo's case both projects are well advanced and it is just a question of time until they are picked up by a major.  The CEO has nothing much to do other then wait ...more  
Comment by babymines on May 06, 2021 11:52am
The historical record of this type company should be examined. Gold, silver and copper are at cyclical highs. Cumo has stated that it is within the top 25 silver resources in the world and a top 10 copper resource in the world, yet no majors have expressed interest ( waiting for new release). Maybe restating the resource calculations leads to confusion as to the resource model. Calida was ...more  
Comment by tennispro on May 06, 2021 12:09pm
Shuan d! Update shareholders. Or hire back mcclay
Comment by tennispro on May 10, 2021 12:26am
Here comes another week with no news! Thank you Shawn!
Comment by Journalist1 on May 06, 2021 1:06pm
The 2 assets are not Calida. Calida was a speculative long shot that didn't work out as well as thought. Happens all the time in mining.  But..... in all fairness and with all due respect ...... management should do something about the pathetic share price, which does not reflect the NPV of the assets. Take one third of the stated NPV of both projects and the share price should be at ...more  
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