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clock Created with Sketch. 30/09/24
21:26
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Originally posted by csadeev:
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I wonder why the company's largest shareholders still allow Scotty running the company, while their investment is essentially worth close to nothing now. A similar large scale, bulk tonnage nickel developer Canada Nickel did suffer some pull back from its peaks too, but the company is still worth around 210m CAD, whilst BSX is barely worth more than a fancy house in one of Sydney's eastern suburbs. Scotty managed to crash the SP from 80c to 3.8c (96% loss - 20m AUD market cap) destroying hunders of millions of shareholder wealth in the past few years. In the same time, Canada Nickel worked closely with the Canadian government to progress their financing and permitting and to secure close to a billion USD (!) in funding, not to mention their option agreement to sign an offtake with Samsung (!).
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