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Bullboard - Stock Discussion Forum Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.

TSXV:SUNM - Post Discussion

Sun Metals Corp. > Outcome of latest fiasco
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Post by lilbugger on Jan 19, 2020 8:15pm

Outcome of latest fiasco

Any guesses on what's going to happen tomorrow? 

I think Steve Robertson, President and CEO needs to be sacrificed.  He screwed up the Oct 3, 2019 news release and sat on it for 2 weeks before correcting it and now if what is being said is correct the January 17 news release that was never officially disseminated has been floating around for 2 weeks. Kinda figured it wasn't good because good news is reported immediately where poor results is put off.  Looking at the prez's bio, he was VP of corporate affairs at Imperial Metals during Red Chris, he should know the importance of full, true and plain dislosure.  Not releasing it is the same as lying.  Seems like a clear case of being let go for cause to me. Don't need to waste more money on him with his golden parachute and forcing him out.

Mr O'Dea needs to step in as interim CEO and clean up this mess to save his reputation.

By the wsy, what happened to directional drilling, the results don't seem to show any significant benefit.

GLTA
Comment by miningman on Jan 20, 2020 12:53pm
  Yep  ,  this situation,  repeated,  does tend to destroy   the credibility  of  the existing  management.    Monies  in  the treasure should  be adequate  for  one more season   but these results  are not encouraging  when looking to increase  tonnages ,  and the market  now ...more  
Comment by rborhi on Jan 20, 2020 1:12pm
Punishing day for the stock.  management deserves it if they've been holding back news.
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