Tinka Resources Ltd V.TK

I've Followed Tinka From A Distance

[Blazesb]

I chose to bet on Trevali in 2016.  Did well in spite of Trump's trade war.  Have kept an eye on Tinka.  Obviously, I share the general concerns repeatedly expressed here about mgmt.  Its like they never miss a chance...to miss a chance.

Question:  Does anyone have one single positive thing to say about this mgmt?

Thank you.

[Reddale]

They got Nexa to buy 30M shares

[Blazesb]

Okay, fair enough.  But doesn't that reflect a certain ineptitude on the part of mgmt?  This is NOT an early stage discovery...much has been proven out.  Yet here is this no-brainer deposit sitting out there for the taking at .26 cents. I view the Nexa move as bullish for Tinka.  But am hesitant because mgmt shows every indication of satisfaction with this status quo of

[Reddale]

Blazesb, Yes the Nexa investment is very good for two reasons: 1) significant interest from a long term Peru miner which has a mine nearby and a zinc smelter/refiner just outside Lima   2) Nexa is the second Peru based miner with a position in Tinka,  that is Buenaventura now has competition Tinka is not a mining company and neither is the other major share holder Sentient. This

[Blazesb]

Why would Nexa or Buenaventura pay a buyout premium when they can acquire Tinka shares on the open market which amounts to a creeping takeover? I bought today.  It's too damn cheap. Cheers!    

[Reddale]

Blazesb, Canadian security commision rules come into play.  Once a company pucrhses up to prescribed threshold amounts (percentage) the company doing the buying declares what its intent is if they want to exceed that ownership ie are they going to try and take over controlling interest. Red

[Blazesb]

Yes.  They must declare intent once 10% of public float acquired.  Mgmt willing they always have option of going over 10% through private placement route. Largely, my point is mgmt is not proactive.  They missed huge opportunity to refinance via private placement and/or partnerships when shares were at .80.   Sooner or later they have to raise cash  and that's

[HatesOvrpdCEOs]

You are clueless. Tinka was kidnapped by Sentient during a period of inactivity and through outright LIES in 2014 by Carmen and Co. They proceeded to trash all shareholder value from June 2014 to August 2017 by doing NOTHING oher than issuing stock, the Aussie norm for taking control. Carman makes over $200k per annum and delivers F-all to every shareholder EXCEPT SENTIENT. Thieves!