Don't worry, it's been spoken about.
Many investors poured their money into this stock with what seems like inaccurate information and especially in relation to Lindsay.
Something isn't adding up for me and never has.
Lindsay was supposedly the flagship for all those years , "biggest undeveloped Tin discovery in the world", and now current management want to offload it because they think it's basically not what it was portrayed to be and not worth keeping.
So either AR lied for all those years or current management are ill informed or just basically have no clue.
It's one or the other in which case , it opens up for some legal action if CRI fails.
This webinar also reeks of putting a band aid on. They're too scared to do a live feed, so let's just have some pre submitted questions that can be answered easily but don't have to answer any follow up questions or be fronted with angry shareholders.
Unfortunately for me, current management have proved to be not so hot. Started with a bang and ended with a whimper.
Here are my list of questions
- What's happening with Lindsay with current Tin prices. We were promised a PFS and more drilling results but never eventuated and now a fire sale is on the cards. Someone lied.
- Where is Thor up to. Why haven't we pressured Chalice to re enter.
- Where is the regular updates and communication we were promised.
- How does management justify their remuneration packages and option hand outs when long suffering holders are sitting on massive paper losses.
- Tim made the unfortunate statement that we would be at $500 mill by Christmas 2024. We've actually gone the other way. And a lot of investors made certain investment decisions based on this. Class action could be brewing.
- Where are the Mets at
- When can we expect an indicated resource.
- What about a JORC
- Are there any off take discussions.
- Are we actively chasing Govt funding
I'm sure others have other questions they would like answered but this gives everyone an idea of where management is lacking with updates and communication.
If I weren't so far down, I'd be out. I've seen enough to make me very nervous.
I keep hoping that they will turn it around but the market keeps sending signals that CRI is either on the nose or it doesn't believe we can move forward.
Personally I just don't think we have the right people in place to take this to the next level. AR was never the right person and neither are the current management.
That's my morning rant.
(20min delay)