Below is a post by Eshmun re CMM handing out shares like confetti back in July 19. Sometimes we look back at these extremely successful companies and forget the sh#tfight that occurred along the way. Ultimately, there will always be differences of opinion as to how a company is managed/ the decisions made. The executives, having stepped in to do the job, should be allowed some level of management prerogative in exercising their discretion. Though I agree with you that the company is being set up for a takeover in the current environment, pushing more quickly to production is almost certainly not the best course of action to improve the share price in the short to medium term, imo.
From Eshmun July 2019 CMM…
”This is all very very grubby. They are all filling their pockets at 6.5cents, a price which is not justifiable given where the gold price is sitting and where the company had previously been at.
The company had locked up bank funding for a mine under the previous management, now no funding and they are printing shares like they are going out of style, reducing value for the average shareholder, for what!! To keep exploring!! No that's not the answer. The answer is greed, greed, greed.
The problem is "we" voted for this circus and we are getting exactly what we voted for, a right shafting.” (Esh)
SPR Price at posting:
48.3¢ Sentiment: Buy Disclosure: Held
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