He would still be entitled to his founder shares as far as im...

He would still be entitled to his founder shares as far as im aware, so I think that may be a moot point. Unfortunately, it's all speculation as to the "why". Management still seem to be confident that the IPO will be a success ....I believe there is still a decent chance they'll get it over the line, as there are still some very experienced and intelligent people involved (as well as major SH's who havent seemed to have sold). The zinc portfolio is also potentially quite lucrative, if they get the funding for remaining studies and start digging.

But 100%, this IPO needs to get over the line. It's going to be pushing boulders up hill if it fails, and unless something spectacular happens in the short term with our copper play ..... I'd expect the SP to cop a bit of a beating in lieu of a near future CR. It also means that the last 3-4 years have effectively been for nought.

Cheyne