Grant / others.
It can be very frustrating when a company is not valued (the shareprice) by the market according to the perceived true value of its resource.
When one sees an undervalued company the reason for the low value is often based on company decisions and the perceptions of the quality of the management and Board of Directors.
As the saying goes: “The market is never wrong”.
Serious investors will continue ignoring MMN as long as the current management/BOD are not serious a b o u t mining the stuff, which they say are in those twin hills in Texas.
It is a well know perception in the market and the mining industry that insiders have milked this company [read Shareholders] for a good number of years now.
It is time to stop the delays and get some silver in a heap a b o v e ground.
As a minimum MacMin should sell sufficient Ag to meet OPEX and any new and additional infrastructure expenses related to the Texas mine.
Once they produce silver and income the company may be re-rated – just maybe.
The installation of a new independent business minded and well connected industry focused Chairman would be a major step forward for the owners – Shareholders – of the company. Additional independent directors on the BOD would also be very helpful.
……….but don’t hold your breath.
All the best.
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macmin silver ltd
“the market is never wrong”.
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